Asked by
Insha Malik
on Dec 19, 2024
Verified
Elena offers to invest a certain amount in Falco's business if Falco marries Elena's daughter Glenna. This promise is enforceable
A) only if it is in writing.
B) only if the amount of the investment is more than $500.
C) only if Glenna agrees to marry Falco.
D) under no circumstances.
Enforceable
Capable of being imposed or carried out by legal process or by force if necessary, referring to laws, rules, agreements, or orders.
Investment
The allocation of resources, often money, in assets or projects with the expectation of generating income or profit.
Business
An organization or enterprising entity engaged in commercial, industrial, or professional activities, aiming to generate profits.
- Appreciate the critical need for written commitments in valid contracts as prescribed by the Statute of Frauds.
- Gain insight into the essential objective of the "main purpose" rule in guarantee agreements and how it influences the legal enforceability of these contracts.
Verified Answer
AR
Learning Objectives
- Appreciate the critical need for written commitments in valid contracts as prescribed by the Statute of Frauds.
- Gain insight into the essential objective of the "main purpose" rule in guarantee agreements and how it influences the legal enforceability of these contracts.