Reference no: EM132229516

1. Bonnie promises to pay Clyde $10,000 if he refrains from robbing banks for one year. Clyde refrains from robbing the banks for a year and a half. He then asks Bonnie for the money, but she refuses. Clyde sues Bonnie for the money. What result?

Bonnie will need to pay Clyde the money because Bonnie received a benefit while Clyde incurred a detriment.

Bonnie will not need to pay Clyde because there was not any bargained-for exchange.

Bonnie will need to pay Clyde the money because there was a bargain-for exchange.

Bonnie will need to pay Clyde the money because Clyde received a benefit while Bonnie incurred a detriment.

Bonnie will need to pay Clyde the money because Bonnie received a benefit while Clyde incurred a detriment.

2. Carrie was running short on money and decided to sell some of her shoes. Miranda wore the same size shoes as Carrie and always loved her Louis Vuitton ankle strap pumps. She orally promises to pay Carrie $1,475 for that pair of shoes and Carrie agrees. Miranda receives the shoes but fails to pay Carrie. Carrie sues Miranda.

The contract was unenforceable because it was an illegal contract.

The contract was enforceable because it was in writing.

The contract was enforceable because there was a bargained-for exchange.

The contract was unenforceable because there was not any benefit-detriment by the parties.

The contract was enforceable because there was not any capacity.