Ray wants to open a boutique hotel. He buys yellow Cottage for 200,000 and on 1 February hires a construction company Build It Nice (BIN), to carry out the refurbishment. Under the agreement, BIN needs to complete the work by 1 May for a fixed price of 30,000. On 1 May BIN informs Ray that they are experiencing financial difficulties and that unless he pays them an extra 10,000 they will not complete the work by the agreed date. Ray is furious. If the work is not completed by 1July he will need to postpone the opening of the hotel and cancel the bookings. Therefore, he reluctantly agrees to pay BIN the additional 10,000. BIP completes the work by 1 July.

You must continue to provide written advice in the case of Ray v BIN for your supervisor to consider. In the written advice for Ray v BIN, using the information provided you must ensure you: Assess the requirements for a valid consideration Analyse the development of the doctrine of duress

Your supervisor is pleased with your work to date and has set up a meeting with you to discuss certain points of law. You know that you must be prepared for this meeting as the supervisor will have high expectations of the discussion.