Asked by Nicole White on May 07, 2024
Verified
Gift promises are not generally enforceable because they lack:
A) legality.
B) capacity.
C) consideration.
D) agreement.
Gift Promises
A declaration by an individual to transfer ownership of an item to another without the exchange of payment.
Legality
The state of being in accordance with the law; legality refers to conformity with statutes and regulations.
Consideration
In contract law, something of value exchanged between parties that is essential for a valid and enforceable contract.
- Evaluate the legitimacy and enforceability of commitments within employment agreements and promises of gifts.
Verified Answer
JM
Jazsmine MendezMay 09, 2024
Final Answer :
C
Explanation :
Gift promises do not have any consideration and are hence,unenforceable.However,exception is made in the case of a promissory estoppel or public policy.
Learning Objectives
- Evaluate the legitimacy and enforceability of commitments within employment agreements and promises of gifts.