Problem based on division of property


Assignment Problem: When Sandra and Charles Givens were divorced, the court order a division of property and awarded Sandra $65,000. The award was a judgment against Charles, who failed to pay it. Sandra asked the court to find Charles in contempt. Their lawyers had a conference with the judge, and they agreed that Charles would pay $2500 immediately and $300 per month until the judgment was paid in full. Charles alleged that the new payment schedule was a binding contract, because Sandra had accepted his officer of payments. Was it a contact?

a. Yes. Both Sandra and Charles had the mental capacity to enter a contract.

b. Yes. Sandra clearly accepted Charles's offer.

c. No. The contract between Sandra and Charles was voidable.

d. No. There is no consideration, because Charles's promise to pay on the judgement was something he was already legally required to do.

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Business Law and Ethics: Problem based on division of property
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