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Kelly is a law student and will marry her boyfriend Mark in May. Her uncle Regiswas concerned that marriage would interfere with her studies so
- Kelly is a law student and will marry her boyfriend Mark in May. Her uncle Regiswas concerned that marriage would interfere with her studies so he offered Kelly$1,000,000 if she postponed her wedding until the end of the semester. Kellyagreed and postponed her wedding until July. She took Partnership Taxation,Corporate Finance, and Estate Planning, and scored straight A's that semester.Unfortunately, however, Regis died right after Kelly took her final exams (therumored cause of death was that an out of control steamroller ran over an outhousewhile he was in it). The executor of Regis' estate refused to pay the $1,000,000,alleging failure of consideration, and Kelly sued the estate. Who prevails in thislawsuit?
- The court will dismiss both claims because these kinds of contracts areimmoral.
- Kelly wins because she provided legally sufficient consideration.
- The estate wins because Regis never received any contractual benefits.
- The estate wins because the uncle's death terminated the offer, thus theestate is not liable.
- Question 31
An offer made illegal by state statute terminates after a reasonable time.
- True
- False
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