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yayyay yayyay
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3 years ago
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

Legal Fundamentals for Canadian Business


Edition: 4th
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sgreersgreer
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3 years ago
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yayyay Author
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3 years ago
Smart ... Thanks!
mikey3091
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Yesterday
Brilliant ツ
loki1345
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2 hours ago
this is exactly what I needed
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