Business, 09.04.2020 19:27 shemarmcdonald4662

X and Y contract for X to build Y a house for $150,000. Later, without terminating the first contract, X and Y modify that contract so that Y will pay X $175,000. In return, X promises to build exactly the same house, but one day earlier than in the previous contract. Assume that all the other elements of a contract besides consideration are present; this is a consideration question. This second contract:

a. Is not binding because it is unliquidated.
b. Is not binding because X is promising to perform a preexisting legal obligation.
c. Is not binding because the earlier completion date is inadequate consideration for $25,000.
d. Is a binding contract.

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X and Y contract for X to build Y a house for $150,000. Later, without terminating the first contrac...

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