Discuss and explain whether there is valid consideration for each of the following promises: (a) A and
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(a) A and B entered into a contract for the purchase and sale of goods. A subsequently promised to pay a higher price for the goods when B refused to deliver at the contract price.
(b) A promised in writing to pay a debt, which was due from B to C, on C’s agreement to extend the time of payment for one year.
(c) A orally promised to pay $150 to her son, B, solely in consideration of past services rendered to A by B, for which there had been no agreement or request to pay.
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a At common law there would be no legally sufficient consi...View the full answer
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Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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