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Arthur Contracts to Sell Ben His House for $100,000

question 69

Essay

Arthur contracts to sell Ben his house for $100,000.Later the parties modify the contract by changing the price to $110,000.All other terms remain the same.Why is there no consideration for the second agreement? State two ways in which the parties can circumvent this problem.


Definitions:

Eyes

The organ of vision in humans and animals, allowing for the perception of light, shapes, and colors through the retina.

Primary Visual Cortex

The region of the cerebral cortex located in the occipital lobe, responsible for processing visual information.

Occipital Lobe

The posterior part of the brain involved in processing visual information from the eyes.

Temporal Lobe

The region of the brain responsible for processing auditory information and is also involved in memory and emotion.

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