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When Promises in a Contract are Insufficient

In instances in which a person or company already has a pre-existing legal duty to do or not do something, a promise given in the form of a modification of a contract or a new contract (to perform that same pre-existing legal duty) is inadequate consideration to make the modification or the new contract enforceable. Read more on today's Ask the Lawyer with Brendan Bukalski: http://www.theintelligencer.com/commentary/article/When-promises-in-a-contract-are-insufficient-12176872.php

Categories: Ask the Lawyer, Contracts