Question
Walter owes Christine $100. Walter does not have the money and does not think he will anytime soon. After discussing the matter, Christine agrees to
Walter owes Christine $100. Walter does not have the money and does not think he will anytime soon. After discussing the matter, Christine agrees to take $50 as a full repayment. The parties sign a written agreement and Walter pays Christine $50. Disregarding promissory estoppel, can Christine sue Walter to collect the remaining $50?
a) Yes, because Christine's new agreement is considered a gratuitous promise and therefore not binding
b) No, because Walter completely performed his obligations under the new contract
c) No, because any new contract takes priority over old contracts
d) Yes, because Walter provided consideration for the new agreement
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started