Which one of the following is enforceable?
A) An ad in the paper promises to pay $5 for the return of a lost ring, but the person who finds and returns the ring never saw the offer in the newspaper.
B) Mr. Baker was so sick of an old chair that, when Mr. Venson offered him $10 for it, he agreed (i.e., promised to sell it to him), although the market value of the chair was $80.
C) Mr. Ho promised to give his needy friend Mr. Jahn $100.
D) Ms. Jones promised to pay an additional $100 to Mr. Wood if Wood finished the existing contract on time, according to the terms of the contract.
E) Ms. Goode promised to send $10 to Mr. Paul, who kindly came and warned her when he saw a tow truck approach her car.

Question

Quizplus · Accepted Answer

Mr. Baker's agreement to sell the chair to Mr. Venson for $10, despite its market value, is enforceable because it involves a mutual exchange of consideration (the chair for $10), making it a valid contract.

Which One of the Following Is Enforceable