Question
Floyd Smoot worked as a salesman for Acme, Inc. After receiving several emails critical of his work, Floyd began to search for a new job.
Floyd Smoot worked as a salesman for Acme, Inc. After receiving several emails critical of his work, Floyd began to search for a new job. Floyd received a job offer from Johnson Co. and notified Acme that he planned to resign to work for Johnson. Acme's president, Barney Fife, scheduled a meeting with Floyd and informed him that Acme was very satisfied with his work and that the critical emails were intended only to motivate him. After further discussion, Barney promised Floyd that if he stayed with Acme, the company would consider raising his salary and would not terminate him so long as he continued to meet his sales quotas. Floyd agreed and rejected Johnson's offer. Six months later, Acme fired Floyd even though he met all sales quotas. Floyd sued Acme for breach of contract. Acme argued that the promise was not supported by consideration. Acme is:
- Correct because Floyd suffered no legal detriment.
- Correct because the promise to Floyd was not bargained for.
- Incorrect because Floyd relied on the promise to his detriment and Acme could foresee that he would.
- Incorrect because there was a bargained for exchange
- None of the above
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