Explain why a pre-existing public duty cannot be good consideration under a new contract. Does your explanation
Question:
Explain why a pre-existing public duty cannot be good consideration under a new contract. Does your explanation rely entirely on the doctrine of consideration, or does it also include other factors?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (20 reviews)
A preexisting public duty cannot be good consideratio...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Managing the Law The Legal Aspects of Doing Business
ISBN: 978-0133847154
5th edition
Authors: Mitchell McInnes, Ian R. Kerr, J. Anthony VanDuzer
Question Posted:
Students also viewed these Business questions
-
Good consideration usually cannot be based on a pre-existing contractual obligation owed to the same party. Describe three ways by which business people can avoid that rule. What commercial reasons...
-
Indicate whether each of the following statements is true or false by writing T or F in the answer column. 1. Consideration is one of the elements of a contract. 1. ________ 2. The courts generally...
-
What type of public accounting firm would you prefer to work for-a large or a small firm? One consideration would be the types of clients and services offered by the firm. The large public accounting...
-
Northland Corporation is a small information-systems consulting firm that specializes in helping companies implement standard sales-management software. The market for Northalndss services is very...
-
The following schedule shows the amounts related to general purpose supplies that a city debited and credited to the indicated accounts during a year (not necessarily the yearend balances), excluding...
-
Writing in the New York Times, economist Tyler Cowen of George Mason University argued: In short, expansionary monetary policy and wartime orders from Europe, not the well-known policies of the New...
-
Consider a discrete-time economy in which asset prices are described by an unconditional linear factor model t+1 t = a + b xt+1, t = 0, 1, ... , T 1, where the conditional mean and second moments...
-
During May, Joliet Fabrics Corporation manufactured 500 units of a special multilayer fabric with the trade name Stylex. The following information from the Stylex production department also pertains...
-
Paul Sabin organized Sabin Electronics 10 years ago to produce and sell several electronic devices on which he had secured patents. Although the company has been fairly profitable, it is now...
-
Consolidation related simulation example: Millennium Capital Management, Inc., (MCM) acquired a 90% interest in NextGen, Inc. MCM's Financial Manager, Matthew Steven, has prepared a draft memo to the...
-
Everlast Tire Co, which manufactures automobile tires, sold a shipment of tires to Automotive Wholesaler Inc. Under the terms of that contract, Automotive Wholesaler was allowed to resell the tires...
-
Christine Robinson owed a debt of $25 000 to Black Crow Music Inc (BCMI). Because she genuinely could not pay the full amount, Christine asked the company whether it would be willing to accept $15...
-
Calculate the gross profit ratio and inventory turnover ratio. (LO 6) The following information is from the financial statements of Toys for Toddlers Company. \section*{Required} a. Calculate the...
-
a) Provide a brief background of the Honda Motor company and industry, then identify a current ethical issue that has an effect on the industry that the Honda Motor company is operating in. 1b)...
-
If you own, did you consider leasing? If yes, why did you choose a purchase over a lease? If you lease, why did you go with a lease? List the specific advantages you feel you gained by leasing. If...
-
If 5 people worked in a process for 8 hours, which included a 0.5 hour break, and they produced 900 units. What was the worker hours per unit? from below: 2.7 minutes 24 minutes 2.5 minutes 22.5...
-
12. Access the following PIDS using the scan tool and verify current input signal status and record the status below? PIDS APP1 APP2 ECT IAT MAF RPM TP1 TP2 VSS Signal Status WSM Specifications
-
With Twitter being on the verge of bankruptcy and undergoing mass resignation, what are some creative and relative directions managers of the social media platform could take to improve the brand?
-
Write an if statement that multiplies payRate by 1.5 if hours is greater than 40.
-
Is the modified 5-question approach to ethical decision making superior to the modified moral standards or modified Past in approach?
-
As Christina Kastner was leaving a shopping mall, a man forced her to get into the passenger seat of her car. He took Kastner to a wooded park and sexually assaulted her in her car. In the park, she...
-
Walmart established a trust to serve as the legal holder of life insurance policies insuring the lives of its employees and naming itself as beneficiary. Walmarts policies insured the lives of all...
-
When Jose Morales applied for a life insurance policy from Amex, he lied on the application form and denied having the AIDS virus. As a part of the application process, Amex required him to have a...
-
A first-time shareholder has approached you requesting some advice. The shareholder has received the company's annual report and noticed the following statement in the summary of significant...
-
View Policies Current Attempt in Progress REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 1 0 2 snowboards...
-
*Please explain how you got the answers* The following costs result from the production and sale of 1,000 drum sets manufactured by Tight Drums Company for the year ended December 31, 2019. The drum...
Study smarter with the SolutionInn App