Explain why a pre-existing public duty cannot be good consideration under a new contract. Does your explanation
Question:
Explain why a pre-existing public duty cannot be good consideration under a new contract. Does your explanation rely entirely on the doctrine of consideration, or does it also include other factors?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (16 reviews)
A preexisting public duty cannot be good consideratio...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Managing the Law The Legal Aspects of Doing Business
ISBN: 978-0133847154
5th edition
Authors: Mitchell McInnes, Ian R. Kerr, J. Anthony VanDuzer
Question Posted:
Students also viewed these Business questions
-
Good consideration usually cannot be based on a pre-existing contractual obligation owed to the same party. Describe three ways by which business people can avoid that rule. What commercial reasons...
-
Indicate whether each of the following statements is true or false by writing T or F in the answer column. 1. Consideration is one of the elements of a contract. 1. ________ 2. The courts generally...
-
What type of public accounting firm would you prefer to work for-a large or a small firm? One consideration would be the types of clients and services offered by the firm. The large public accounting...
-
Northland Corporation is a small information-systems consulting firm that specializes in helping companies implement standard sales-management software. The market for Northalndss services is very...
-
The following schedule shows the amounts related to general purpose supplies that a city debited and credited to the indicated accounts during a year (not necessarily the yearend balances), excluding...
-
The percentage of Brazil's population that lives in urban areas can be modeled by U(x) = 72 + 4.33 Inx, where x 1 is the number of years after 1990. (a) Evaluate U(24) and interpret the result. (b)...
-
Find a country that has fixed its exchange rate to a foreign currency. Describe its advantages and disadvantages for the economy.
-
Bond A pays $8,000 in 20 years. Bond B pays $8,000 in 40 years. (To keep things simple, assume these are zero-coupon bonds, which means the $8,000 is the only payment the bond holder receives.) a. If...
-
What is the e formula for the spending multiplier? If I wanted to increase equilibrium GDP by 1 trillion, and the MPC=.80, how much would I have to change government spending by? Do I have to...
-
Why do the basic EOQ model variations not include the price of an item?
-
Everlast Tire Co, which manufactures automobile tires, sold a shipment of tires to Automotive Wholesaler Inc. Under the terms of that contract, Automotive Wholesaler was allowed to resell the tires...
-
Christine Robinson owed a debt of $25 000 to Black Crow Music Inc (BCMI). Because she genuinely could not pay the full amount, Christine asked the company whether it would be willing to accept $15...
-
From the following, construct a bank reconciliation with heading for Woody Co. as of May 31, 2022. GL Cash balance Bank statement balance Deposits in transit $1,869.60 1,951.20 271.20 Outstanding...
-
Using at least one quote from each article, explain how Zeff (1978) and Siegal (2014) each define the term 'economic consequences' [from accounting standards]. Within your answer, explain how each...
-
What impact has virtual communities had in contemporary society? Explain
-
how are the differences between social security and public assistance important in terms of the general perception of Social Security benefits?
-
You are mentoring an elementary student interested in STEM and the student is fascinated with bugs. You heard that people used the number of cricket chirps as an easy way to gauge temperature,...
-
Why do we begin our studies of media with the invention of the printing press? because it led to a newfound interest in current events because it made immediately possible the mass production of...
-
Officer Thompson of the Bay Ridge Police Department works the graveyard shift. He averages 4.5 calls per shift from his dispatcher. Assume the number of calls follows a Poisson distribution. Would it...
-
Baxter, Inc., owns 90 percent of Wisconsin, Inc., and 20 percent of Cleveland Company. Wisconsin, in turn, holds 60 percent of Clevelands outstanding stock. No excess amortization resulted from these...
-
As Christina Kastner was leaving a shopping mall, a man forced her to get into the passenger seat of her car. He took Kastner to a wooded park and sexually assaulted her in her car. In the park, she...
-
Walmart established a trust to serve as the legal holder of life insurance policies insuring the lives of its employees and naming itself as beneficiary. Walmarts policies insured the lives of all...
-
When Jose Morales applied for a life insurance policy from Amex, he lied on the application form and denied having the AIDS virus. As a part of the application process, Amex required him to have a...
-
Research the different processes involved during the planning phase of a project. Identify the tasks and techniques associated with each of these processes. Prepare diagram where you relate...
-
How do cultural norms and values intersect with social structure, influencing patterns of behavior, identity formation, and societal organization ?
-
We manufacture breakfast cereal at our factory in Toad Suck, AR. Our current selling price is $2.40 per box, F.O.B. our shipping dock (our customers pay shipping expenses). Our gross profit margin is...
Study smarter with the SolutionInn App