Costello hired sagan to drive his racing car in a race

Reference no: EM13200546

Costello hired Sagan to drive his racing car in a race. Sagan's friend Gideon promised to pay Sagan $3,000 if she won the race, but Gideon refused to pay the $3,000. Gideon contended that no legally binding contract had been formed because he had received no consideration from Sagan in exchange for his promise to pay the $3,000. Sagan sued Gideon for breach of contract, arguing that winning the race was the consideration given in exchanged for Gideon's promise to pay the $3,000. Identify and Explain what rule of the law under 'consideration' supports Gideon's claim?

Reference no: EM13200546

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