Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following considerations is legally in sufficient? Tony bought a book for $100. He offers to sell it to Ruby for free if

Which of the following considerations is legally insufficient?

Tony bought a book for $100. He offers to sell it to Ruby for free if she helps him befriend the new girl in their dorm.

Tony bought a book for $1,000. Ruby offers to buy it for $2,000 if it does not rain the next day.

None of these is insufficient consideration.

Tony bought a text book for $100. He offers to give it to Ruby if Ruby helps him move into his new dorm room.

Tony bought a book for $100. Ruby offers to buy it for $10.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Consideration in a contract is essentially the value that each party agrees to exchange in a contract For consideration to be legally sufficient it mu... 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

Step: 3

blur-text-image

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

Law and Ethics in the Business Environment

Authors: Terry Halbert and Elaine Ingulli

8th edition

9781305177871, 1285428560, 1305177878, 978-1285428567

More Books

Students also viewed these Law questions

Question

Explain the steps involved in training programmes.

Answered: 1 week ago

Question

What are the need and importance of training ?

Answered: 1 week ago