Question

Ramona, age 42, orally agreed to work for Brahma, Inc. for the rest of her life for $50,000 per year. Will this agreement be enforceable?

1) Yes
2) No

Answer 1

No, the agreement will not be enforceable because it lacks consideration.

Step-by-step explanation:

No, this agreement will not be enforceable. In contract law, an agreement must have certain elements to be considered legally binding, one of which is 'consideration.' Consideration means that both parties must exchange something of value in order for the contract to be valid. In this case, Ramona is agreeing to work for Brahma, Inc. for the rest of her life, but Brahma, Inc. is not providing any consideration in return. Therefore, the agreement lacks consideration and will not be enforceable.