Which of the following is not an example of a contract?
A)a verbal agreement for the sale of a car where neither the money nor the car has yet changed hands
B)a verbal agreement to work for someone starting next week
C)an implied promise to pay for a meal when you order it
D)an agreement not to sue someone for negligence in exchange for their promise to pay you a specified amount
E)a written promise to give your husband a ring for Christmas

Question

Quizplus · Accepted Answer

Contracts are agreements that create obligations enforceable by law. Choices A, B, C, and D all involve agreements that could be considered legally binding under certain conditions, involving consideration (something of value exchanged between the parties). However, E is not considered a contract because promises of gifts, such as giving a ring for Christmas, do not involve consideration from both parties. In legal terms, a gift promise does not create a contractual obligation because there is no exchange of value or consideration from the recipient to the giver.

Which of the Following Is Not an Example of a Contract