QUESTION 1 – 10 MARKSConsider the following situations and indicate whether consideration is present andwhether Jack has an enforceable agreement:a) Jane is going overseas and she offers to give her Lotus Super 7 sports car toJack

| August 14, 2017

QUESTION 1 – 10 MARKSConsider the following situations and indicate whether consideration is present andwhether Jack has an enforceable agreement:a) Jane is going overseas and she offers to give her Lotus Super 7 sports car toJack. The market value for this type of vehicle in good condition is around$25 000. Jack accepts. (2.5 MARKS)b) Jane offers to sell Jack her Lotus Super 7 sports car for $25 000. The marketvalue for this type of vehicle in good condition is around $25 000. Jackaccepts …

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