Asked by dorian hawthorne on May 11, 2024
Verified
Molly's motorcycle is damaged in an accident caused by Luc's negligence. Luc agrees to pay Molly $25,000 if she agrees to release him from further liability. Molly agrees. If Molly's damages ultimately exceed $25,000, she can
A) recover the balance for lack of consideration.
B) recover the balance because the consideration was past.
C) recover the balance due to unforeseen events.
D) not recover the balance.
Unforeseen Events
Incidents or occurrences not predicted or expected, which can have significant impacts on plans, projects, or operations.
Consideration
In contract law, something of value that is given by each party to a contract to induce them to enter into the agreement.
Negligence
Failure to take reasonable care to avoid causing injury or loss to another person, resulting in legal liability for any resulting damages.
- Comprehend the legal factors involved in settlement agreements after incidents or harm.
Verified Answer
Learning Objectives
- Comprehend the legal factors involved in settlement agreements after incidents or harm.
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