Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Taylor Swift is scheduled to have a concert at FIU. FIU has agreed to pay Taylor Swift $100,000 to perform and she accepted. Steve, a

Taylor Swift is scheduled to have a concert at FIU. FIU has agreed to pay Taylor Swift $100,000 to perform and she accepted. Steve, a graduate student at the Engineering school who has not yet take the Business Law class, is so excited, he offers to pay Taylor Swift an addition $5,000 to perform at FIU. Taylor Swift finishes her concert and asks Steve to pay her. Which of the following statement is most accurate?

(a) Steve has no obligation to pay because Taylor Swift had a pre-existing obligation. (b) Taylor Swift is not entitled to get paid because FIUs payment is sufficient consideration. (c) Steve is obligated to pay because Taylor Swift had no pre-existing obligation to Steve. (d) Students at FIU cannot form a contract with singers until they have taken Business Law class.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

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

Mastering Futures A Comprehensive Guide To Successful Trading

Authors: Ryan Lloyd

1st Edition

979-8853425668

More Books

Students also viewed these Finance questions

Question

What does stickiest refer to in regard to social media

Answered: 1 week ago