QUESTION 1 –: Consider the following situations and indicate whether consideration is present and whether Jack has an enforceable agreement

| August 14, 2017

QUESTION 1 –: Consider the following situations and indicate whether consideration is present and whether Jack has an enforceable agreement:a) Jane is going overseas and she offers to give her ‘Lotus Super 7 sports car’ to Jack. The market value for this type of vehicle in good condition is around $25 000. Jack accepts. (250 words)b) Jane offers to sell Jack her ‘Lotus Super 7 sports car’ for $25 000. The market value for this type of vehicle in good condition is ar …

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