Question
In a lawsuit by a company's corporate attorney against the company and two of its directors for breach of contract and other causes of action,
In a lawsuit by a company's corporate attorney against the company and two of its directors for breach of contract and other causes of action, after the directors reneged on a promise to give plaintiff 3 percent of the company's stock after he secured financing for the company,
Group of answer choices
The attorney should win because the promise was a promise to make a gift.
The attorney should win because the promise was past consideration.
The attorney should win if the company had separate counsel during the contract negotiations.
The company should win because the promise constituted past consideration.
The company should win because the promise constituted past consideration and a promise to make a gift.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started