Which of the following was the result on appeal in the Case Opener involving the alleged breach of an oral contract based on the plaintiff lawyer loaning a corporate client funds and the client later reneging on a promise, made in gratitude, to give the lawyer 3 percent of the company's stock?
A. That the promise to transfer the stock flowed from the loan transaction and was enforceable by the plaintiff.
B. That the promise was unenforceable because lawyers may not loan clients money.
C. That the promise was enforceable only if the total the plaintiff received in funds did not violate state usury laws involving maximum interest rates.
D. That the promise was not enforceable because it was a gift.
E. That the promise was enforceable as a gift.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following was the result on appeal in the Case Opener involving the alleged breach of an oral contract based on the plaintiff ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Gator Tires pays a constant annual dividend of $1.21 per share. How much are you willing to pay for one share if you require a rate of return of 9.3 percent
Answers (1)
1. Why do most companies sell shares of stock? a. All companies are required to sell shares of stock B. To let more people vote on company decisions c. To generate income for the company d. To gain a greater reputation"
Answers (2)
The idea that "the invisible hand" of competition sets prices and determines quantities produced in a market economy was the principle idea of?
Answers (1)
In an eight-hour day, Andy can produce either 24 loaves of bread or 8 pounds of butter. In an eight-hour day, John can produce either 8 loaves of bread or 8 pounds of butter. The opportunity cost of producing 1 pound of butter is a.
Answers (1)
Assuming that the liquidity premium theory is correct, on March 5, 2010, what did investors expect the interest rate to be on the one-year Treasury bill two years from that date if the term premium on a two-year Treasury note was 0.010.
Answers (1)
New Questions in Business
What is the most common work-related hazard for a room attendant
Answers (1)
What may happen if the threaded heating element in percolator is not very tightly mounted
Answers (1)
Cole is refinishing an antique china cabinet and has already spent $180 on the restoration. He expects to be able to sell the cabinet for $360.
Answers (1)
Decentralization encourages upper level management to concentrate on short-term decisions. True or False?
Answers (1)
Behavioral economist Richard Thaler has studied several examples of how businesses make use of inconsistencies in consumer decision-making.
Answers (1)