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SMC Business Law Sec 1059 Week 3 Chps 6 & 7 – Discussions (2015) – RoyalCustomEssays

SMC Business Law Sec 1059 Week 3 Chps 6 & 7 – Discussions (2015)

SMC Business Law Sec 1059 Week 2 Chps 4 & 5 – Discussions (2015)
September 26, 2018
Ashford BUS 401 Week 2-Teaching Net Present Value (NPV) & Future Value (FV)
September 26, 2018

Week 3: Wk 3: Chps 6 & 7 – Threaded discussion

Do the classic rules requiring consideration
change when a contract between merchants is being modified? If so, how?
In some instances, a party will be able to
enforce an agreement that lacks mutuality of obligation (consideration).
Reasonably relying on a gratuitous promise that is carelessly broken and that
produces hardship is just one example. As you already know, this would be an
example of promissory estoppel. Can you identify the other theories?

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