First Principles of Business Law

Making a contract
4. The third essential element of formation: Sufficient agreement

4.3. The content of promises made

 

 

 

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?

 

(a) Yes, there is sufficient agreement.

 

(b) No, there is not sufficient agreement.

 

 

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