Simon offered to pay Paula S100,000 if she remained chaste until her marriage. P

Question

Simon offered to pay Paula S100,000 if she remained chaste until her marriage. Paula complied completely and abstained until she was marricd. Paula then demanded $100,000 from Simon, but he refused to pay on the grounds they did not have a legally enforccable contract. Is Simon correct? OA. Yes, because Simon got no legal benefit in exchange for his promisc. B. Yes, as Simon incurred no legal detriment in exchange for his promisc OC. No, because Paula incurred legal detriment because of Simon's promise. D. No, because Paula substantially relied upon Simon's promise.

Explanation / Answer

The correct choice is B.

Explanation : -  

A valid contract can be created easily, if all of the required elements are present.

1. The parties must have the legal capacity to enter into a contract.

2. There must be an offer by one party and acceptance of the offer by another party.

3. There must be a lawful object to the contract.

4. There must be some form of consideration , or payment , supporting the contract.

5. The contract may have to be written

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