Grace and Contract Law

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One of my classes this semester is Business Law. As I was studying for my midterm on contract law, I came upon this practice quiz question. Amazing how even “law” understands “grace.” Let’s see if you can figure out the correct answer.

 

Gifts are different from bargained-for exchanges in that:

a. no performance or promise is required from the recipient in order to receive the gift.

b. the offeror is expected to do nothing in order to obtain some bargained-for exchange.

c. None of these.

d. a performance or promise is required from the recipient in order to receive the gift.