Week 5 Business Law
Each of us makes promises all the time; most we keep, but some we don’t. The question this week focus on when a promise is—or is not—enforceable. Said differently, when will the law make a person keep a promise? Choose one of the scenarios below and explain whether you think that the promise made is enforceable. Be sure to think about the concepts of offer, acceptance, consideration, legality, and capacity.
- Uncle John promises his nephew that he will give the nephew $10,000 on his 18th birthday if the nephew doesn’t drink alcohol, smoke cigarettes, do illegal drugs, or engage in any immoral behaviors.
- Bill asks Sally to marry him, and she answers yes. Bill then sells his favorite sports car and pays upfront for a lavish wedding ceremony and a three-week trip to Europe.
- Keith agrees to transport ceramic figurines from Los Angeles to New York City in his moving truck. What he doesn’t know is that each figurine is filled packets of cocaine.
- Maria and Jennifer are having drinks at a local bar, and both are a bit tipsy. As the night goes on, Maria asks Jennifer to trade Jennifer’s three-carat diamond ring for Maria’s 1978 Ford Duster, and Jennifer agrees to the deal.