Question

Krystal, a real estate agent, sells her friend Douglass’s house without charging a commission. In return, Douglass promises to give Krystal $1,000. This promise is not an enforceable contract because

a) There was no written agreement
b) Real estate transactions require a commission
c) The promise lacks consideration
d) Krystal is a friend of Douglass

Answer 1

The promise Douglass made to give Krystal $1,000 for selling his house without a commission is not enforceable because it lacks consideration.

Step-by-step explanation:

The promise made by Krystal's friend Douglass to give her $1,000 in return for selling his house without charging a commission is not an enforceable contract because it lacks consideration. Consideration is an essential element of a contract and refers to something of value being exchanged between the parties involved. In this case, Krystal did not receive any benefit or consideration for selling the house without a commission. Without consideration, the promise is not legally binding.