Contract Questions

Contract Questions

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Unformatted text preview: -existing duty really contains some new obligation, no matter how small. b. Where unforeseen and unforeseeable circumstances make performance of the pre-existing obligation far more difficult than originally believed. c. Where the parties mutually agree to terminate the first contract between them. d. All of the above. 287. In which of the following situations does the first promise serve as valid consideration for the second promise? a. A police officer’s promise to catch a thief for a victim’s promise to pay a reward b. A builder’s promise to complete a contract for a purchaser’s promise to extend the time for completion c. A debtor’s promise to pay $500 for a creditor’s promise to forgive the balance of a $600 liquidated debt d. A debtor’s promise to pay $500 for a creditor’s promise to forgive the balance of a $600 disputed debt 288. In which of the following situations would a minor be unable to disaffirm a contract which he had made? a. Upon restoring the consideration received in a situation involving a fully executed contract b. Where...
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This test prep was uploaded on 03/29/2014 for the course BUL 3130 taught by Professor Schupp during the Fall '12 term at UNF.

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