Erin promises to pay her friend Stephanie$10,000 if Stephanie refrains from eating any foods that contain animal products. Stephanie agrees, performs her part of the bargain, and asks for the money. Erin refuses to pay, saying there was no valid consideration and therefore the agreement is unenforceable. Is there an enforceable contract between Erin and Stephanie (in other words, was there valid consideration) ?

Question

Business

Kenzie Lewis

9 January, 10:27

Erin promises to pay her friend Stephanie$10,000 if Stephanie refrains from eating any foods that contain animal products. Stephanie agrees, performs her part of the bargain, and asks for the money. Erin refuses to pay, saying there was no valid consideration and therefore the agreement is unenforceable. Is there an enforceable contract between Erin and Stephanie (in other words, was there valid consideration) ?

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Answers (2)

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Sydney Yoder · Answer 1

Answer: The definition of transgender encompasses many people and is constantly changing.

Mauricio Andrews · Answer 2

Yes

Explanation:

There was a valid consideration because an amount of money $10,000 was promised and clearly agreed between both parties Erin and Stephanie.

There is an enforceable contract because there was an offer and acceptance; mutual obligation and consideration, and the subject matter was not illegal.

Contracts must not be written to be enforceable. Erin and Stephanie's contract was oral and still enforceable. The question however will be if Erin is of age to be able to pay $10,000 otherwise the contract may not be enforceable or binding.