Chidi and Tahani, a father and daughter, agree to go to the movies on a Friday afternoon. Chidi agrees to purchase the tickets, and Tahani agrees to drive them to the cinema. Which of the following is most likely to be true, in relation to their agreement? Select one: a. Although Chidi and Tahani have reached an agreement, and have each provided consideration, there is likely no intention to create legal relations here, so there will be no contract. b. Chidi and Tahani are close family members, so there will be an intention to create legal relations. c. Chidi and Tahani are close family members, so there can never be an intention to create legal relations. d. Although Chidi and Tahani are close family members, this is really a commercial agreement, so there will definitely be an intention to create legal relations.
Which of the following is NOT good consideration, in return for a business’ promise to supply another business with stock?
Select one:
a. A promise to pay $1,000 in a week's time.
b. A promise to pay $1,000 in a year's time.
c. Giving $1,000 now.
d. The other business’ history of prompt payment in relation to previous deals.