Business Law 2

Each of us makes promises all the time; most we keep, but some we don’t. The question this week focus on when a promise is—or is not—enforceable. Said differently, when will the law make a person keep a promise? Be sure to think about the concepts of offer, acceptance, consideration, legality, and capacity.

• Maria and Jennifer are having drinks at a local bar, and both are a bit tipsy. As the night goes on, Maria asks Jennifer to trade Jennifer’s three-carat diamond ring for Maria’s 1978 Ford Duster, and Jennifer agrees to the deal.

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