Class Notes (904,876)
CA (538,315)
UofM (5,151)
MGMT (21)
MGMT 0130 (21)
Lecture 4

BLAW lecture 4.docx

2 Pages
94 Views

Department
Mangement (Extended Ed.)
Course Code
MGMT 0130
Professor
Glynda White

This preview shows half of the first page. Sign up to view the full 2 pages of the document.
- Which of the following statements is TRUE?
none of the above
- A gratuitous promise
all of the above
- Patricia and Charlie entered into a written agreement. Patricia promised to pay $5000 to
Haden, who is Charlie's brother. Charlie placed his seal on the document, but Patricia did
not do so. Three days later, Charlie promised that he would design a new computer
program for Bethany, Patricia's sister, in exchange for Patricia's promise. Which of the
following statements is the most accurate?
Patricia's promise is not enforceable because it was not given in exchange for
consideration
- Because he was in love with her, Noriel promised to sell his car to Marina for $500. At
the time of that agreement, Marina stressed that the deal was purely commercial and
made it clear that she did not share Noriel's hopes for an intimate relationship. Before the
sale was performed, Noriel fell in love with another woman, Valerie. He therefore now
refuses to transfer the car to Marina. The actual market value of the car is $7500. Which
of the following statements is TRUE?
none of the above
- In exchange for Miles' promise to pay $10 000 to the Society for Prevention of Cruelty to
Animals, Fran promised to give up eating meat for one year. Which of the following
statements is TRUE?
The facts demonstrate a mutual exchange of value
- Which of the following statements is TRUE?
The courts generally do not require adequate consideration because they believe that
each person can look after their own interests by deciding how much to demand
under a contract
- Mohana promised Ian that she would pay $10 000 to him on his birthday. Ian gave
nothing in exchange for that promise and neither party placed their seal on the document
containing Mohana's promise. Ian demanded payment on his birthday. Mohana refused,
primarily on the basis that she had recently become quite annoyed with him. Ian then
threatened to start a lawsuit. However, he also offered to settle that lawsuit in exchange
for payment of $7500. Mohana agreed in an attempt to avoid paying the full $10 000.
Several weeks after paying $7500, however, she learned that her initial promise was not
actually legally enforceable. She also learned that Ian, who was a lawyer, was aware of
that fact all along. Which of the following statements is the most accurate?
Mohana can recover $7500 from Ian because his threat to sue her for payment of
$10 000 was not made honestly
- Fred owed a debt of $10 000 to Regina. Because he had lost his job and was experiencing
financial difficulties, he hoped that she would take pity on him and would not insist upon
payment. Fred therefore said to Tyra, who was Regina's colleague, "If you can get her to

Loved by over 2.2 million students

Over 90% improved by at least one letter grade.

Leah — University of Toronto

OneClass has been such a huge help in my studies at UofT especially since I am a transfer student. OneClass is the study buddy I never had before and definitely gives me the extra push to get from a B to an A!

Leah — University of Toronto
Saarim — University of Michigan

Balancing social life With academics can be difficult, that is why I'm so glad that OneClass is out there where I can find the top notes for all of my classes. Now I can be the all-star student I want to be.

Saarim — University of Michigan
Jenna — University of Wisconsin

As a college student living on a college budget, I love how easy it is to earn gift cards just by submitting my notes.

Jenna — University of Wisconsin
Anne — University of California

OneClass has allowed me to catch up with my most difficult course! #lifesaver

Anne — University of California
Description
- Which of the following statements is TRUE?  none of the above - A gratuitous promise  all of the above - Patricia and Charlie entered into a written agreement. Patricia promised to pay $5000 to Haden, who is Charlie's brother. Charlie placed his seal on the document, but Patricia did not do so. Three days later, Charlie promised that he would design a new computer program for Bethany, Patricia's sister, in exchange for Patricia's promise. Which of the following statements is the most accurate?  Patricia's promise is not enforceable because it was not given in exchange for consideration - Because he was in love with her, Noriel promised to sell his car to Marina for $500. At the time of that agreement, Marina stressed that the deal was purely commercial and made it clear that she did not share Noriel's hopes for an intimate relationship. Before the sale was performed, Noriel fell in love with another woman, Valerie. He therefore now refuses to transfer the car to Marina. The actual market value of the car is $7500. Which of the following statements is TRUE?  none of the above - In exchange for Miles' promise to pay $10 000 to the Society for Prevention of Cruelty to Animals, Fran promised to give up eating meat for one year. Which of the following statements is TRUE?  The facts demonstrate a mutual exchange of value - Which of the following statements is TRUE?  The courts generally do not require adequate consideration because they believe that each person can look after their own interests by deciding how much to demand under a contract - Mohana promised Ian that she would pay $10 000 to him on his birthday. Ian gave nothing in exchange for that promise and neither party placed their seal on the document containing Mohana's promise. Ian demanded payment on his birthday. Mohana refused, primarily on the basis that she had recently
More Less
Unlock Document


Only half of the first page are available for preview. Some parts have been intentionally blurred.

Unlock Document
You're Reading a Preview

Unlock to view full version

Unlock Document

Log In


OR

Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit