Asked by
Andrea Cebula
on Nov 21, 2024
Verified
Which of the following is true regarding Tam's claim that by selling the communications book to Diego for a higher price, Ezra breached the contract he had with her?
A) Tam is correct.
B) Tam is correct only if she can establish that she had prior dealings with Ezra.
C) Tam is correct only if she can establish that she had provided past consideration in addition to the amount she agreed to pay for the book.
D) Tam is incorrect because her acceptance was illusory.
E) Tam is incorrect because the amount she agreed to pay was significantly less than the fair market value of the book and, therefore, did not amount to consideration.
Unilateral Contract
A contract in which one party promises to perform a specific action in return for a performance, not a promise, by the other party.
Consideration
Consideration in contract law refers to something of value exchanged between parties as part of an agreement.
Illusory Promise
A statement that appears to be a promise but does not actually bind the party to any obligation, making it unenforceable as a contract.
- Explore the instances whereby an agreement is considered infringed, with a concentration on sales, services, and obligations arrangements.
Verified Answer
JP
Learning Objectives
- Explore the instances whereby an agreement is considered infringed, with a concentration on sales, services, and obligations arrangements.