"A Promise to Perform a Pre-Existing Contractual Obligation Cannot Provide

question 19

Essay

"A promise to perform a pre-existing contractual obligation cannot provide consideration for a new contract.That rule is based on the fact that it would be undesirable if party A could threaten to break an existing contract in order to get party B to enter into a second agreement at a higher price." Is that statement true: (1) if the existing contract was created between A and B, or (2) if the existing contract was created between A and C? In each instance, provide two reasons for your answer.

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Definitions:

Medulla

A part of the brainstem that controls vital body functions such as heart rate, breathing, and blood pressure.

Corpus Callosum

The large band of neural fibers connecting the two hemispheres of the brain, facilitating interhemispheric communication.

Pons

A part of the brainstem that plays a key role in controlling arousal, sleep, breathing, and relaying sensory information between the cerebrum and cerebellum.

Cerebellum

A part of the brain located at the back of the skull, important for coordinating movement and balance.