Asked by
Hannah Richardson
on Nov 01, 2024Verified
Tasha phones Robert and asks if she can borrow his vacuum cleaner to clean her apartment before her parents visit.Robert agrees to this.But when Tasha goes to pick up the vacuum,Robert refuses to give it to her.Which of the following statements is true?
A) A bargained-for exchange has occurred,so Robert must loan Tasha the vacuum cleaner.
B) A bargained-for exchange has not occurred,so Robert does not have to loan Tasha the vacuum cleaner.
C) Robert has promised Tasha something of value,so he must loan her the vacuum cleaner.
D) Robert has committed a breach of contract.
Bargained-For Exchange
An exchange of promises or performance by parties to a contract that provides the consideration necessary to make the contract legally enforceable.
Breach of Contract
The violation of any term or condition of a binding legal agreement, which may result in legal action for remedy.
- Comprehend the principle and various classifications of legally adequate consideration within the realm of contract law.
Verified Answer
NT
Learning Objectives
- Comprehend the principle and various classifications of legally adequate consideration within the realm of contract law.
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