"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:

NAS

Network Attached Storage, a file-level storage architecture connected to a computer network providing data access to a diverse group of clients.

HDD

Short for Hard Disk Drive, it is a data storage device used for storing and retrieving digital information using magnetic storage.

Duplex

A communication system or printing method that allows for two-way transmission or processing simultaneously.

NFC

Near Field Communication, a set of communication protocols that enable two electronic devices, one of which is usually a portable device such as a smartphone, to establish communication by bringing them within close proximity.