Asked by Pasha Harmidy on Jul 29, 2024
Verified
Chica,a women's clothing store,held a "prize drawing" for a $500 shopping spree on Saturday that it advertised throughout the week.Participation in the drawing required being at the store by noon and completing an application form that included personal information.The information would then be put into a database for marketing purposes.Fashion consultants offering merchandise for sale greeted customers arriving at the store on Saturday morning.Joy was the winner of the drawing.Has she given consideration for the prize?
A) No,she gave no legal value to Chica.
B) No,unless she purchased an item from one of the fashion consultants.
C) Yes,she came to the store and gave information that was for the store's use.
D) Yes,unless the store was conveniently located.
Prize Drawing
A random selection process where winners are selected to receive prizes or rewards.
Legal Value
Legal Value refers to the concept in contract law that concerns the requirement of consideration to ensure that promises within a contract are enforceable.
Marketing Purposes
The use of strategies and tactics to identify, create, and maintain satisfying relationships with customers that result in value for both the customer and the marketer.
- Identify what constitutes legal consideration and differentiate it from inadequate or no consideration.
- Evaluate the legal obligations for consideration in various categories of contracts, inclusive of unilateral and bilateral agreements.
Verified Answer
JH
Joesph HickeyJul 31, 2024
Final Answer :
C
Explanation :
Joy provided legal value to the exchange/promise by coming to the store and providing information that the store wanted from the customers.
Learning Objectives
- Identify what constitutes legal consideration and differentiate it from inadequate or no consideration.
- Evaluate the legal obligations for consideration in various categories of contracts, inclusive of unilateral and bilateral agreements.