Timon realized why he was in pain and removed the thorn

Assignment Help Operation Management

Reference no: EM132229518

1. The Four Factions Company hired Tris to be its manager for four years at $325,000. As part of the contract, there was a cancellation clause that allowed the company to terminate the contract and its obligations at any time. Tris was at a local fundraising event when she ran into the Four Factions Company's competitor, Divergent. Divergent offered Tris a position for three years at $537,000, and she accepted. The Four Factions sued Tris for breach of contract.

The contract is an example of ________________________.

an illusory promise

forbearance

adequacy of consideration

a moral obligation

consideration

2. Sarah and Randy made a contract where Randy would remodel Sarah's bathroom for $20,000. Sarah had until July 10 to pay for it. Randy finished the work and Sarah was quite happy with it. She gave Randy rave reviews to friends. On July 9, Sarah saw Randy and because she was so thrilled with his work she promised to give him an additional $1,000. On July 10, Sarah wrote a check for $20,000 . Randy sued Sarah for the additional $1,000.

Randy will not receive the $1,000 because of ________________.

past consideration

moral obligation

part-payment check

promissory estoppel

preexisting legal obligation

3. Lion King was walking through the Pride Lands when he stepped on a thorn. Timon realized why he was in pain and removed the thorn. Lion King then promised to give Timon a year's worth supply of bugs and $2,000. Three weeks later, Timon asked for the bugs and money, but Lion King refused.

Timon will not receive the bugs and money because of _____________.

moral obligation

compromise and release of claim

past consideration

preexisting legal obligation

forbearance

Reference no: EM132229518

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