Asked by
Kaylin Lindsey
on Nov 27, 2024Verified
Jen promises to pay Kam $500 because "she does not have as much money as other people." Jen's promise is
A) enforceable because society wants people to keep their promises.
B) enforceable because the redistribution of wealth is a valid social goal.
C) not enforceable because Jen could have paid Kam more.
D) not enforceable because Kam has not given consideration in return.
Redistribution of Wealth
A process or policy aimed at adjusting the distribution of wealth within a society, usually by transferring wealth from the richer to the poorer segments.
Consideration
Something of value exchanged between parties as part of a contract.
- Gain insight into the notion of consideration and the necessary conditions for a contract to be valid.
Verified Answer
AG
Learning Objectives
- Gain insight into the notion of consideration and the necessary conditions for a contract to be valid.