Mr.Blue gave his favorite nephew Jim Jr. ,who is a mechanic,$1,000 in January.Later that year,he needed his car repaired.In the sales contract,Mr.Blue indicated that the amount owed should be deducted from the money already paid.A court will find that Mr.Blue failed to give proper consideration for the contract.

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Melissa Ramos · Accepted Answer

Final Answer : True, Explanation :  Past consideration was not given for the present contract and as such cannot be used as a consideration.

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