Jim offers his girlfriend, Tammy, $500,000 to marry him. Tammy thinks about it and says that she would not agree to marry him unless he paid her $1,000,000. Jim says he is unable to pay her $1,000,000. Tammy reconsiders and tells Jim that she will accept the $500,000 to marry him. Does a valid contract exist? A. No. Tammy rejected Jim's offer. B. Yes. Only if the contract is in writing. C. No. Marriage is not valid consideration for a contract. D. Yes. Tammy accepted Jim's offer to marry.
Jim offers his girlfriend, Tammy, $500,000 to marry him. Tammy thinks about it and says that she would not agree to marry him unless he paid her $1,000,000. Jim says he is unable to pay her $1,000,000. Tammy reconsiders and tells Jim that she will accept the $500,000 to marry him. Does a valid contract exist? A. No. Tammy rejected Jim's offer. B. Yes. Only if the contract is in writing. C. No. Marriage is not valid consideration for a contract. D. Yes. Tammy accepted Jim's offer to marry.
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Jim offers his girlfriend, Tammy, $500,000 to marry him. Tammy thinks about it and says that she would not agree to marry him unless he paid her $1,000,000. Jim says he is unable to pay her $1,000,000. Tammy reconsiders and tells Jim that she will accept the $500,000 to marry him. Does a valid contract exist?
A. No. Tammy rejected Jim's offer.
B. Yes. Only if the contract is in writing.
C. No. Marriage is not valid consideration for a contract.
D. Yes. Tammy accepted Jim's offer to marry.
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