Tobacco and occaasionally drank liquor but refrained

Assignment Help Operation Management

Reference no: EM1392388

William E. Story agree to pay his nephew, William E. Story II, a large sum of money (roughly equivalent to $50,000 in 207 dollars) "if he would refrain from drinking liquor, using tobacco, swearing, and playing cards or billiards for money until he should come to be 21 years of age." William II had been using tobacco and occaasionally drank liquor but refrained from using these stimulants over several years until he was 21 and also lived up to the other requirements of his uncle's offer. Just after william II's 21st birthday, Story acknoweledged that William II had fulfilled his part of the bargain and adcised that the money would be invested for him with interest. Story died, and his executor, Sidway, refused to pay William II because he believed the contract betwewn Story and William II was without consideration. Sidway asserted tht Story received no benefit from William II's performance and William II suffered no detriment (in fact, by his refraining from the use of liquor and tobacco, William II was not harmed but benefited, Sidway asserted). Is there any theory of consideration that William II can rely on? How would you decide this case?

Reference no: EM1392388

Questions Cloud

Determine minimum number of regulatory proteins : Consider two different organisms. Determine which of the following results would support a hypothesis that one of the species was more highly evolved that the other and determine minimum number of regulatory proteins.

Find weeks of supply for current and last year : Find weeks of supply for current and last year. Find inventory turnonver for current and last year

Monopolists profit maximization problem : What subsidy is necessary to induce the monopolist to produce the socially optimal level of output?

Degrees of freedom for using goodness-of-fit test : A question has these possible choices - excellent, very good, good, fair, and unsatisfactory. How many degrees of freedom are there using the goodness-of-fit test to the sample results?

Tobacco and occaasionally drank liquor but refrained : William II was not harmed but benefited, Sidway asserted. Is there any theory of consideration that William II can rely on? How would you decide this case?

Hypothesis relating to the amount of dissolved oxygen : Create a hypothesis relating to the amount of dissolved oxygen measured in the water sample and the number of fish observed in the body of water.

Calculate the control limits for a c-chart : Calculate the control limits for a c chart when Ubar = 3.0%, n = 60, and you collect one sample per hour for 40 hours of production. (2 sets of control limits required, x bar and range)

Develop a strategic plan - health assessments : What are your thoughts about the assessment process? How well is it working? What are specifc strengths of the process from your perspectives? Any barriers or difficulties to overcome?

Relationship between elements and atoms : Explain the arrangement within energy levels of the six electrons of an atom of carbon and discuss the relationship between elements and atoms?

User Account

All Pages