Asked by Xitlaly Vicuna on May 11, 2024
Verified
Si promises to pay his personal assistant Tery $50,000 in consideration of the services she provided over the years. Si never makes the payment. Si's promise is
A) enforceable for the entire $50,000.
B) enforceable to the extent of what Tery's services were actually worth.
C) not enforceable because the consideration is in the past.
D) not enforceable because the failure to pay is an unforeseen difficulty.
Past Consideration
Consideration for a contract that has already been provided before the agreement is made, not valid as consideration in most legal systems.
Services Provided
Tasks or activities that are performed for the benefit of another party, usually in exchange for compensation.
- Acquire knowledge about the concept of consideration and its essential elements for a contract's validity.
Verified Answer
VK
Victoria KrauelMay 17, 2024
Final Answer :
C
Explanation :
C) Si's promise is not enforceable because the consideration, which is the services Tery provided, is in the past. For a promise to be enforceable, consideration must be something that is bargained for and given in exchange for the promise at the time the promise is made. Past consideration is not considered valid consideration for the purposes of forming a contract.
Learning Objectives
- Acquire knowledge about the concept of consideration and its essential elements for a contract's validity.