Unformatted text preview: “Not performing an act” is consideration Important: both parties must have a benefit and a detriment 2 x 2 = 4 Doesn’t matter that consideration isn’t equal Benefit detriment test – each side must suffer a detriment and receive benefit; doesn’t have to be property or money, can be an act Change of contract under common law – to change a contract, any modification must be supported by additional consideration, both sides must also agree E.g. “Use my labor (service, not goods) to use Stanton’s shingles to put the roof on his house for $300, halfway thru I stop and want $100 more, Stanton agrees, legally eligible for only $300” Change of contract under A. 2-209 (sale of a good) Modification – does not require additional consideration; simply means that...
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- Fall '08
- $100, $300, Stanton, additional consideration