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Question
Wilma has a valid driver's license but has a tendency to get speeding tickets. Fred tells her that he will pay her $1,000.00 if she does not get a ticket for one year. Wilma drives very cautiously and goes one year without a ticket. Is Fred obligated to pay?A.yes, because Wilma gave up a legal right based on the agreement
B.no, because $1,000.00 is not an adequate amount based on Wilma's detriment
C.no, because Wilma suffered no detriment in this agreement
D.yes, because a promise is a promise and consideration has nothing to do with this agreement
Answer
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Related questions
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A.Mobil was able to get out of the contract for the $156 million lease because the new law passed at the last minute changed the terms of the original contract amounting to repudiation by the United States.
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C.Mobil could not claim an anticipatory repudiation because even though as new law had been passed, they had not yet filed their oil excavation plan so they could not know whether they were facing a problem.
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