QuickHelper

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About QuickHelper

Levels Tought:
Elementary,High School,College,University,PHD

Expertise:
Accounting,Applied Sciences See all
Accounting,Applied Sciences,Business & Finance,Chemistry,Engineering,Health & Medical Hide all
Teaching Since: May 2017
Last Sign in: 363 Weeks Ago
Questions Answered: 20103
Tutorials Posted: 20155

Education

  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

Experience

  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Management Posted 05 Oct 2017 My Price 7.00

1/ Preexisting Duty. Ben hired Lewis to drive his racing car in a race.

1/ Preexisting Duty. Ben hired Lewis to drive his racing car in a race. Tuan, a friend of Lewis, promised to pay Lewis $3,000 if he won the race. Lewis won the race, but Tuan refused to pay the $3,000. Tuan contended that no legally binding contract had been formed because he had received no consideration from Lewis for his promise to pay. Lewis sued Tuan for breach of contract, arguing that winning the race was the consideration given in exchange for Tuan’s promise to pay. What rule of law discussed in this chapter supports Tuan’s claim? Explain. 2/Past Consideration. Daniel, a recent college graduate, is on his way home for the Christmas holidays from his new  job. He gets caught in a snowstorm and is taken in by an elderly couple who provide him with food and shelter.  After the snowplows have cleared the road, Daniel pro-ceeds home. Daniel’s father, Fred, is most appreciative of the elderly couple’s action and in a letter promises to pay them $500. The couple, in need of funds, accept Fred’s offer. Then, because of a dispute with Daniel, Fred refuses to pay the couple the $500. Discuss whether the couple can hold Fred liable in contract for the services rendered to Daniel.

Answers

QuickHelper
(10)
Status NEW Posted 05 Oct 2017 05:10 PM My Price 7.00

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