Discuss and explain whether there is valid consideration for each of the following promises: (a) A and

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Discuss and explain whether there is valid consideration for each of the following promises:
(a) A and B entered into a contract for the purchase and sale of goods. A subsequently promised to pay a higher price for the goods when B refused to deliver at the contract price.
(b) A promised in writing to pay a debt, which was due from B to C, on C’s agreement to extend the time of payment for one year.
(c) A orally promised to pay $150 to her son, B, solely in consideration of past services rendered to A by B, for which there had been no agreement or request to pay.

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Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

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