Reference no: EM131094362
1.When does a promise constitute consideration?
2.May a promise that is conditional constitute consideration?
3.What is the general rule about the adequacy of consideration?
4.What is a composition of creditors?
5.Is there consideration when a secured note for a lesser amount is given and accepted in discharge of an unsecured note for a greater amount? Explain.
6.George agrees to remodel a kitchen for Harry for $30,000, but after beginning work asks Harry to pay $34,000. Can George enforce Harry's new promise to pay $34,000?
7.If a boy promises his father that he will not own and operate an automobile until he is eighteen in exchange for his father's promise to pay him $2,000, is there a valid contract?
8.Is a promise to pay a debt discharged by bankruptcy enforceable? Explain.
9.Under what theory will courts enforce a promise to pay a voluntary subscription?
10.When will courts apply the doctrine of promissory estoppel?
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When does a promise constitute consideration
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