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Home Q & A Board Humanities Legal Studies
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pepperflake pepperflake
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7 years ago
Celine offered Jenna $50 for a six carat diamond necklace. Jenna immediately agreed to sell it to Celine. However, after Jenna went home and looked at it again, she decided that the necklace was worth a lot more than $50. She told Celine she could not sell her the necklace for such a low price. In this scenario, did the parties have an enforceable contract?
A) yes, because all the elements of a valid contract are present
B) no, because the value of the consideration for the necklace is inadequate
C) no, because of the preexisting duty rule
D) no, because of the past consideration rule
Textbook 
The Legal Environment of Business

The Legal Environment of Business


Edition: 7th
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eshreemeshreem
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Love is the only force capable of transforming an enemy into a friend.

Martin Luther King, Jr.

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