Asked by Devyn Smallwood on Jun 15, 2024
Verified
In the case in the text,Franchise Holding II,LLC v.Huntington Restaurants Group,Inc. ,the court held all of the following,except:
A) the plaintiff provided adequate consideration.
B) the defendant provided adequate consideration.
C) the defendant materially breached the Stay Agreement.
D) the Stay Agreement was legally enforceable.
Stay Agreement
A legal document that temporarily suspends proceedings or actions as agreed upon by the involved parties.
Materially Breached
signifies a significant failure to comply with the terms of a contract, invalidating the agreement.
Adequate Consideration
Consideration in a contract that is fairly equitable and of sufficient value, considering the facts of the case and the circumstances surrounding the agreement.
- Differentiate between promises that are enforceable and those that are not based on whether consideration is present.
- Understand how modifications to contracts are treated under the law regarding consideration.
Verified Answer
CK
Cheyenne KendallJun 20, 2024
Final Answer :
C
Explanation :
The court held that both parties provided adequate consideration and that the Stay Agreement was legally enforceable.
Learning Objectives
- Differentiate between promises that are enforceable and those that are not based on whether consideration is present.
- Understand how modifications to contracts are treated under the law regarding consideration.