Contract in terms of legality and adequacy

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Reference no: EM132216586

John agrees to purchase a car from Donald. The Blue Book value of the car is $10,000, but the agreed upon price is $5,000 to be paid in 10 equal monthly installments of $500. As part of the deal, John also promises to give Donald a rock from the surface of the moon. This rock is property of the federal government and is kept in a vault at NASA in Houston.

Provide your assessment of whether valid consideration has been given for this contract in terms of legality, adequacy, and possibility of performance.

Be sure to respond in a business-like manner using proper spelling, grammar and sentence structure.

Reference no: EM132216586

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