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.(a) The relaxation of contract terms from an existing contract is very common in the commercial world which is called bargaining. A new contract as
.(a) The relaxation of contract terms from an existing contract is very common in the commercial world which is called bargaining. A new contract as a result can lack consideration and becomes a nude contract. Use Central London Property Trust Ltd v High Trees House Ltd. [1 94 7] KB 130 and discuss how such a trap was formed. [12 marks] (b) Many retail shops suffered great loss during the COVID19 pandemic and landlords voluntarily offered to reduce shop rents to help survive their crisis. Describe how you could advise the shops in order to avoid falling into the legal pitfall as above described. [8 marks]
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