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First Principles of Business Law |
| Making a contract |
| 2. The first essential element of formation: Intention to be legally bound |
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2.3. Agreements between family members |
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Read the facts and the question and then choose the best answer. A says to her daughter B: "For as long as you are a full-time student, I'll give you $300 a month as an allowance." B says: "Thanks, and in return I'll wash the dishes every night.'" Do A and B have the necessary intention to be legally bound?
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(a) Yes, because A is promising to pay money to B.
(b) Probably not, because A and B are close family relations and the agreement concerns household matters. |
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