BUSINESS ADMINISTRATION
BUSINESS LAW
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
a promise to make a gift is unenforceable.
|
|
|
he never intended to give the gift.
|
|
|
the consideration was inadequate.
|
|
|
the gift was too expensive.
|
Detailed explanation-1: -Gifts are irrevocable; promises to make gifts are unenforceable. Gifts are part of property law; promises to make gifts are part of contract law.
Detailed explanation-2: -Oral contracts are generally considered as valid as written contracts, although this depends on the jurisdiction and, often, the type of contract. In some jurisdictions, some types of contracts must be written to be considered legally binding.
Detailed explanation-3: -Some things promised will not be enforced, those which are illegal or against public policy such as gambling debts, purchase or sale of drugs, or other unlawful conduct.
Detailed explanation-4: -A promise to make a gift is unenforceable because a transfer of property is made by one party without return consideration from the other party.