Pete and Vicky make the following agreement. Pete promises hewill go into a store and buy something for $5 and pay for it with a$100 bill on which he has written “Happy Birthday Vicky!” Vickypromises that after Pete collects his change and leaves the store,she will go into the same store and buy something that costs $5 andpay with a $10 bill. When the clerk attempts to give her change for$10, Vicky will claim that the $100 bill that is in the cashregister was money she just got for her birthday, and will demandchange from a $100 bill. Then Pete and Vicky will split the extramoney they think Vicky will receive in change. Is this a validcontract?
A. This is a valid contract. Therewas a promise in exchange for a promise, and both parties got whatthey wanted.
B. This is a voidable contractbecause Vicky can change her mind.
C. This is not an enforceablecontract because the agreement is not in writing.
D. This is a void contract, becausethe parties agreed to commit fraud.
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