Which of following would be considered an example of a n enforceable contract?
A) Nancy agrees to buy her 15-year-old neighbor's car for $10,000.
B) George offers to pay Libber $600 for killing his neighbor's tree-too much shade!-and Libber agrees to it.
C) Tim owes Peter money, but the statute of limitations has run out.
D) Tom owes Peters money, but before the statute of limitations ends, Tom is declared bankrupt.
E) Tom owes Peter money, but Pete has waited too long to collect it and the statute of limitations has run out; however, notwithstanding,Tom promises to repay half the amount.

Question

Quizplus · Accepted Answer

Tom's promise to repay half the amount can be considered a new agreement and is therefore enforceable, even though the statute of limitations has already run out. Options A, B, C, and D are not enforceable contracts for various reasons.

Which of Following Would Be Considered an Example of a N