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BUSA 690 (31)
Lecture 5

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McGill University
Business Admin
BUSA 690
Peter Younkin

Sarah was an orphan Her uncle Rocco agreed to act as her guardian until she became an adult In that role he borrowed money to pay for her education She promised to repay him when she became an adult Sarah later became an adult and married Stepan Stepan also promised to repay Rocco for the money that he had spent on Sarahs education Sarah and Stepan however now refuse to pay the money Rocco has sued Stepan on his promise Which of the following statements is TRUEall of the aboveMaria went on vacation in May She expected that her garden would be fine because May is normally a very rainy month In fact it did not rain at all during May Her neighbour Hector therefore watered her garden because he knew that she would not want her plants to die When she returned from her vacation in early June she thanked Hector and promised to pay him 200 for his time and effort Select the best answerall of the aboveWhich of the following situations illustrates a contractually enforceable promiseSuneeta borrowed money from a bank Under the terms of that agreement she was required to pay the bank 10 000 cash on June 1st On May 28th she explained to the bank that she would not be able to pay the full amount on schedule On the same day she also persuaded the bank to accept a cheque for 7500 in satisfaction of the full debtWhich of the following e
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