Asked by Janninah Miller on May 27, 2024
Verified
Jun is building a home for Tessa that is to be completed by December 31st. Jun tells Tessa that he needs to hire additional workers in order to have the home done by that time and that she needs to pay him an extra $10,000. Tessa agrees to pay. Jun finishes the home and asks for his $10,000. Tessa refuses to pay. If Jun sues, what is the likely result? Discuss whether you believe the result is ethical and equitable.
Preexisting Duty Rule
A principle in contract law that holds an existing duty does not constitute consideration for a new promise.
Unforeseen Circumstances
Events or conditions that could not have been reasonably anticipated and that may affect the performance of contractual obligations.
Ethical
Pertaining to or dealing with morals, the principles of morality concerning right and wrong or good and bad behavior.
- Describe the legal ramifications of negotiating and modifying obligations when faced with unforeseen difficulties or changes in circumstances.
- Evaluate the ethical and equitable implications of enforcing or altering agreements based on subsequent actions or changes in perceived value.
Verified Answer
Learning Objectives
- Describe the legal ramifications of negotiating and modifying obligations when faced with unforeseen difficulties or changes in circumstances.
- Evaluate the ethical and equitable implications of enforcing or altering agreements based on subsequent actions or changes in perceived value.
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