Which agreement is unenforceable because of lack of valid consideration?

a. Johnson agreed to donate $1,000 to the United Hospital Building Fund. Based upon this and similar promises, construction was started.
b. Davis promised to give his neighbor's young son $50 if the boy would refrain from trespassing on his property. Because of Davis's promise, the boy complied.
c. Boyd agreed to sell his used motorboat to Yates for $300 . Yates tendered the $300.
d. Philips promised his nephew $5,000 if the boy would refrain from smoking until he reached twenty-one years of age. Because of this promise, the nephew complied.


B

Business

You might also like to view...

The information contained in the statement of cash flows allows external users to assess a company's risk, liquidity, financial flexibility, and operating capability

Indicate whether the statement is true or false

Business

FOB destination means that transportation charges are paid by the buyer

Indicate whether the statement is true or false

Business

Salespeople should be confident at the time of the close if they can answer "yes" to all of the following questions EXCEPT:

A) Do you believe in your product? B) Do you believe in your company? C) Do you believe in yourself? D) Are you ready to give discounts if they are needed? E) Have you identified a solution to the customer's problem?

Business

General partners of a limited partnership have:

A) No liability. B) Limited liability. C) Unlimited liability. D) All of the above.

Business