Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mike the mechanic inspected Millie's car and agreed to fix it for the flat fee of $2,000. After beginning the project, Mike realized that it

image text in transcribed
Mike the mechanic inspected Millie's car and agreed to fix it for the flat fee of $2,000. After beginning the project, Mike realized that it would take more time than he originally thought and he could not complete the job and make a profit. Mike demanded $2,500 to complete the same repair. Millie promissed to pay the extra $500. When the project was complete, Millie tendered $2,000 to Mike for the job. If Mike sues Millie for the remaining $500 : Mike will win because they had a deal for the additional $500. Mike will win because Millie had a pre-existing duty to pay any additional amounts. Mike will lose because there was no legal consideration to support the additiona $500. Mike will lose because the UCC does not require consideration to modify an existing contract

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Exploring Management

Authors: John R. Schermerhorn

3rd edition

1118217252, 9780470878217, 978-1118217252

More Books

Students also viewed these General Management questions

Question

What is direct sequence spread spectrum?

Answered: 1 week ago