A case which did not pair was the Elvis case, where his fiancé was promised to have the balance paid for her mortgage. This case or “contract” was not enforceable because the promise would have been a gift, therefore having no grounds to be followed through on. The reason why this is considered a “gift” and unenforceable is because there is no exchange of anything, only Elvis giving (or in this case would have given) the money to pay off his fiancé’s mortgages. What a business (or society in general) might take away from the outcome of this caselet is that there must be an exchange in contracts (offer and acceptance), otherwise it would be considered a gift and
A case which did not pair was the Elvis case, where his fiancé was promised to have the balance paid for her mortgage. This case or “contract” was not enforceable because the promise would have been a gift, therefore having no grounds to be followed through on. The reason why this is considered a “gift” and unenforceable is because there is no exchange of anything, only Elvis giving (or in this case would have given) the money to pay off his fiancé’s mortgages. What a business (or society in general) might take away from the outcome of this caselet is that there must be an exchange in contracts (offer and acceptance), otherwise it would be considered a gift and