Answered
If the car is really worth only $500, what is the effect of this lower vehicle value on the contract between Jennifer and Timmy?
A) There is no effect, because the court does not determine if a good or bad deal was made.
B) Promissory estoppel results in the contract being voided because Timmy's promise was based on inaccurate information.
C) The contract is voided because an illusory promise was made by Jennifer based on the illusion that the car was worth more.
D) The effect of the lower vehicle value will depend upon whether the court determines if Timmy entered into a bad or good deal.
E) The court may award Timmy damages because Jennifer entered into a contract under false pretenses and cost him money.
On May 10, 2024