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djyliett [7]
3 years ago
8

Helen worked for ABC Motors for 25 years. The president of ABC said to her: "In consideration of your past service for 25 years,

I promise to give you a new car next week." However, he did not give the car. Is this promise legally enforceable
Business
1 answer:
anastassius [24]3 years ago
8 0

Answer:

No, legal consideration is absent

Explanation:

According to the given situation, the President of ABC company was promised to Helen to give a new car next week as Helen worked for 25 years. But the president did not give the car as he promised to the Helen.

In this case, there was a promise which was verbal, not in the way of legal consideration, which means there is no proof so that Helen can claim from the president.

Therefore the correct answer is No, legal consideration is absent

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The following present value factors are provided for use in this problem.
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Answer:

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