Bauman-Bache, Inc., begins construction on a seven-story office building and after three months demands an extra $75,000
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Bauman-Bache, Inc., begins construction
on a seven-story office building and after three months demands an extra $75,000
on its contract. If the extra $75,000 is not paid, the firm will stop working. The owner of
the land, finding no one else to complete construction, agrees to pay the extra $75,000. The
agreement is not enforceable because it is not supported by legally sufficient consideration—
Bauman-Bache had a preexisting contractual duty to complete the building
Related Book For
Quantitative Methods for Business
ISBN: 978-0324651751
11th Edition
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey cam
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