Recent Posts • Latest Topics • Unanswered Questions

George contracted with Bob to have a racing bike modified for him to be delivered on February 20, ...

yayyay

wrote...

Go to Answer

Posts: 99

Rep:

2 years ago

George contracted with Bob to have a racing bike modified for him to be delivered on February 20, ...

George contracted with Bob to have a racing bike modified for him to be delivered on February 20, for a race on February 22. The price for the modification was agreed on as $100. About February 10, George became nervous about the bike being finished on time and went to see Bob. Bob said that he was very busy, but if he really wanted to be sure that it would be finished on time, George would have to pay him an extra $25 so he could pay his employees overtime. George agreed and Bob completed the modifications as requested, on time. How much does George legally owe?

▸ $25 because past consideration is no consideration

▸ $100 plus whatever it cost for the overtime

▸ $125 because Bob gave consideration for George's promise to pay the additional $25

▸ a reasonable amount only

▸ only $100 because Bob had an existing duty to modify the bike and the price was settled

Textbook

Legal Fundamentals for Canadian Business

Edition: 4^th

Author: Yates

Read 59 times

1 Reply

Report

Replies

Answer verified by a subject expert

sgreer

wrote...

Posts: 81

Rep:

2 years ago

More solutions for this book are available here

Report

Related Topics

yayyay Author

wrote...

2 years ago

Smart ... Thanks!

tcat

wrote...

Yesterday

Thanks for your help!!

SupremeDJ

wrote...

2 hours ago

Thank you, thank you, thank you!

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1158 People Browsing

123 Signed Up Today

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

641

663

Your Opinion

Previous poll results: What percentage of nature vs. nurture dictates human intelligence?

The Toxic Skin and Fungi Defense

Bonobos, Chimpanzees, and the 98% DNA Link

Courses by Biology Forums

It's sore throat season, why does my mucus have red spots?

Strange Ingredients Lurking in Doritos Chips

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.