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#T3BE 205 - Early Answer for Patrons

Thomas porked it again, choosing (D) when the correct answer was (B).  He's now 112-for-205 (54.6%) and on a four-question losing streak.

#T3BE 205 - Early Answer for Patrons

Comments

Correct. A promise to pay is consideration unless it's a sham, just like the payment itself.

Dr. Clerk

So the promise to pay the $600 is consideration in the initial contract? Because there were no chairs or money exchanged by the time the email was sent was there?

The four chairs are the consideration for the buyer's promise to pay. The $600 is the consideration for the seller's promise to manufacture and ship the four chairs.

Dr. Clerk

Ooh, I couldn’t find a way to just comment directly on this post, hence posted my own question and a new thread. What is the ‘Consideration’ in this contract?


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