LW 221 Lecture 8: Assignments 9-13
Document Summary
Assignments 9-13: consideration: gift promises (cid:862)a promise to make a gift is unenforceable because it lacks consideration because it lacks consideration. Either party could bring a lawsuit and have the dispute resolved by court. Or settle the(cid:373)sel(cid:448)es. (cid:863) the seller formed a contract with the buyer, withdrew it before the closing of the sale. Agreed to sell the buyer the house again but at a higher price and failed to perform under the contract. Barbara bride agreed to cut the cost to instead of . When corbin contractor agrees to excavate and construct a concrete foundation for. This unforeseen complication significantly increased the expenses incurred for the project and therefore dustin developer will have to pay more. Based on these facts the modification to the original contract is enforceable: based on the legal facts corbin does have a legal basis to rescind the contract. The exception to the pre-existing duty rule is unforeseen circumstances.
