Question: f. Consideration . sufficient and adequate consideration . past consideration . pre-existing obligations . promises enforceable without consideration . Privity of contract . assignment .






\f. Consideration . sufficient and adequate consideration . past consideration . pre-existing obligations . promises enforceable without consideration . Privity of contract . assignment . trusts . statute . employment7. Christine Robinson owed a debt of 3525000 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 3515000 in com plete discharge of the obligation. The company initially took pity on Christine after she demonstrated her serious ness by placing her request in a document under sea]. It therefore agreed to her proposal, on the condition that she pay $1500() within one week. Three days later, how\" ever, BCMI had a change of heart and told Christine that it expected to receive the full sum of525 000. Three days after that, Christine presented $15000 to BCMI. The company took the cash, but only after repeating its inten tion to collect on the entire debt. Christine, however, believes that she is debt~free and that BCMI no longer has any claim to the outstanding $10000. Which party is correct? Explain your
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