Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Facts: A promises B that if B doesn't break any state or federal laws before he is 21 he will give B $5,000. B turns

Facts: A promises B that if B doesn't break any state or federal laws before he is 21 he will give B $5,000. B turns 21 and has not broken any state or federal laws. What best describes B's legal position with respect to enforcing A's promise to pay?

1.) A has made a promise; therefore, he must keep it.

2.) B is under a preexisting duty not to break the law; therefore, he has given nothing of value that would constitute valid consideration for A's promise

3.) Because this is not governed by the UCC B's consideration is sufficient to find the promise enforceable

4.)A doesn't have to enforce his promise because B was a minor when he entered into the agreement

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics

Authors: Gregory Mankiw, Mark P. Taylor

5th Edition

1473768543, 978-1473768543

Students also viewed these Law questions