Multiple Choice
Fact Pattern 12-1
Teatro Restoration, Inc., begins renovating an old theater for Urban Edge Productions, but after three months Teatro demands an extra $250,000. Urban Edge agrees to pay.
-Refer to Fact Pattern 12-1. If Teatro says it is asking for the extra $250,000 because ordinary business expenses have increased, the agreement is
A) enforceable as the consideration is past.
B) enforceable because of unforeseen difficulties.
C) unenforceable as an illusory promise.
D) unenforceable due to the preexisting duty rule.
Correct Answer:

Verified
Correct Answer:
Verified
Q4: Mica, a minor, signs a contract to
Q5: Odina signs a covenant not to compete
Q8: Fact Pattern 12-1<br>Teatro Restoration, Inc., begins renovating
Q11: Performance can constitute the consideration that creates
Q32: Under the doctrine of promissory estoppel, a
Q35: Parents are always liable for the contracts
Q36: In contract law, "consideration" refers to the
Q41: A covenant not to sue is against
Q60: Legally sufficient consideration is something of value
Q63: Disaffirmance is the legal avoidance, or setting