New answers tagged

2 votes

Does redundant first party consideration nullify a contract?

united-states The majority rule in the U.S. is that modification of a contract does not generally require new consideration. The bigger concern for Alice is that her debt either is or almost is barred ...
ohwilleke's user avatar
  • 195k
2 votes

Does redundant first party consideration nullify a contract?

The traditional rule: variation would require fresh consideration The common law rule has traditionally been that partial performance of a pre-existing debt is not good consideration1 that could bind ...
Jen's user avatar
  • 43.3k

Top 50 recent answers are included