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Check My Work Rene wants to attend a private college. Tuition is high so Rene obtains a college loan Her parents agree to pay off her college tuition loan once she graduates provided that she will not marry or have children until she graduates. Rene for her part agrees to pay for her own car, books , and incidental living expenses During her final month of school, Rene becomes engaged Are both parties (Rene and her parents) legally bound? What is the consideration of each party? Now that she is engaged to be married, can Rene's parents refuse to pay off her loan?

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Check My Work
Rene wants to attend a private college. Tuition is high so Rene obtains a college loan Her parents agree to pay off
her college tuition loan once she graduates provided that she will not marry or have children until she graduates.
Rene for her part agrees to pay for her own car, books , and incidental living expenses During her final month of
school, Rene becomes engaged Are both parties (Rene and her parents) legally bound? What is the consideration of
each party? Now that she is engaged to be married, can Rene's parents refuse to pay off her loan?

Check My Work Rene wants to attend a private college. Tuition is high so Rene obtains a college loan Her parents agree to pay off her college tuition loan once she graduates provided that she will not marry or have children until she graduates. Rene for her part agrees to pay for her own car, books , and incidental living expenses During her final month of school, Rene becomes engaged Are both parties (Rene and her parents) legally bound? What is the consideration of each party? Now that she is engaged to be married, can Rene's parents refuse to pay off her loan?

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AnnabelleVeteran · Tutor for 12 years

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1. **Legal Obligation**: - Both parties, Rene and her parents, are legally bound by the terms of the agreement they entered into. 2. **Consideration**: - **Rene's Consideration**: Rene's consideration involves agreeing not to marry or have children until she graduates from college, and paying for her own car, books, and living expenses. - **Parents' Consideration**: The parents' consideration involves agreeing to pay off Rene's college tuition loan once she graduates.3. **Engagement Impact**: - Since Rene became engaged during her final month of school, it could potentially breach the agreement if the engagement leads to marriage before she graduates. - However, whether her parents can refuse to pay off the loan would depend on the specific terms and conditions outlined in the agreement. If the agreement explicitly states that getting engaged or married before graduation voids the parents' obligation to pay off the loan, then they may have the legal right to refuse payment.
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