w in Brief y Guide Questio... and Problems 15 16 199 Time left 2:07:37 22 23 22 23 1/ 18 19 20 24 25 26 25 Question 14 Not yet answered Marked out of 14. Last week, Mike, who has just ordered a new 90-HP out-board motor, tells his friend, Peter, that he will give him his old 35-HP motor as soon as the new one arrives. To accommodate the old engine, Peter needs to modify his small boat and he will have to spent expensive modification. With Mike's suggestion, he bought a new boat. When the brother of Mike learned of arrangement, he reminds Mike that he promised the old motor to him. To avoid a family quarrel, Mike told Peter that he cannot carry his promise anymore. Peter sues mike for compensation for the money he spent for the new boat including incidental expenses. Does Mike's action succeed? 29 29 30 Finish attempt... 1.00 ontracts II part II ew Guide Questio... es and Problems O a. True, because gratuitous promise is enforceable. O b. False, because gratuitous promise is not enforceable. O c. False, under the strict rules of common law. Od. True, under the equitable estoppel Business Entities... 0 ? 27 10:41 AM