Asked by dorian hawthorne on May 11, 2024

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Molly's motorcycle is damaged in an accident caused by Luc's negligence. Luc agrees to pay Molly $25,000 if she agrees to release him from further liability. Molly agrees. If Molly's damages ultimately exceed $25,000, she can

A) recover the balance for lack of consideration.
B) recover the balance because the consideration was past.
C) recover the balance due to unforeseen events.
D) not recover the balance.

Unforeseen Events

Incidents or occurrences not predicted or expected, which can have significant impacts on plans, projects, or operations.

Consideration

In contract law, something of value that is given by each party to a contract to induce them to enter into the agreement.

Negligence

Failure to take reasonable care to avoid causing injury or loss to another person, resulting in legal liability for any resulting damages.

  • Comprehend the legal factors involved in settlement agreements after incidents or harm.
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TM
Tipson MaletiMay 13, 2024
Final Answer :
D
Explanation :
Molly cannot recover the balance because when she agreed to accept the $25,000 from Luc in exchange for releasing him from further liability, she entered into a binding settlement agreement. This agreement legally prevents her from seeking additional compensation beyond the agreed amount, regardless of whether her damages exceed that amount.