Question

9. Abel and Baker had a tradition. Every Friday, they took turns going to the corner store and buying a “package” – some vodka and a lottery ticket – with the understanding that they’d split any winnings 50-50. One Friday, Abel bought the package, and when they scratched off the ticket it was a $20,000 winner. Abel refused to split the winnings, however, and Baker sued. Abel claimed there was no enforceable agreement because of a lack of bargained-for consideration. True-False: Abel is correct; he does not legally owe Baker $10,000, although one could argue he has a moral obligation to pay.

Answer 1