Zero, Inc agreed to build Millie a storage building for $8,000 . After beginning the project, Zero realized that it could not complete the job and make a profit. Zero demanded $9,500 to complete the building. Millie agreed to pay the $9,500 . When the project was complete, Millie tendered $8,000 to Zero for the job. If Zero sues Millie for the remaining $1,500,
a. Zero will win because there was consideration for the additional $1,500.
b. Zero will win because Millie had a pre-existing duty to pay any additional amounts.
c. Zero will lose because there was no legal consideration to support the additional $1,500.
d. Zero will lose because the UCC does not require consideration to modify an existing contract.
c
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A company with significant amounts of accounts receivable experiences uncollectible accounts from time to time. If the company uses the direct write-off method, the effect of writing off an uncollectible receivable will be ________
A) a reduction in net income B) negligible on net income C) an increase in total assets D) a generation of positive cash flow
Cash donations are the most productive contribution that businesses can make to a nonprofit or community group
Indicate whether the statement is true or false