Business Law I – Consideration

Consideration

Write a short essay, between 400 and 500 words, responding to the assignment below. You are expected to utilize the textbook and outside resources to provide accurate and substantive answers to the question. Also, be sure to make use of illustrating examples where appropriate. Submit your work in APA format.

Chris promises Dina $40,000 if she graduates from Eagle College.  Dina enrolls in Eagle, attends full-time for four years, and graduates.  When Dina asks Chris for $40,000, Chris says, “I don’t remember promising you $40,000.  However, if there was a promise, it is not enforceable, because we did not bargain for it.  And even if there was a promise that would otherwise be enforceable, I revoke it now.”  Can Dina enforce Chris’s “promise”?  Why or why not? 

 

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