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First Principles of Business Law |
| Making a contract |
| 4. The third essential element of formation: Sufficient agreement |
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4.3. The content of promises made |
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Read the facts and the question and then choose the best answer. A, a furniture dealer, says to B: "If you sell more than $2,000 worth of furniture every day this week, I'll pay you a bonus sometime." B, a salesperson, replies to A: "That's great. I really need extra cash. I'll do whatever I can to meet the target." Is there sufficient agreement for A's promise of a bonus to be enforced by B if he meets the sales targets?
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(a) Yes, there is sufficient agreement.
(b) No, there is not sufficient agreement. |
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