Where there is an existing contract between two parties and,to ensure performance,one party promises to give more consideration than under the original contract,the new promise is binding and must be performed.

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This scenario typically describes a situation of past consideration, which is not considered valid consideration for the formation of a new contract. For a new promise to be binding, there must be new consideration; simply promising to do something you're already legally obligated to do under an existing contract does not constitute valid consideration for a new contract.

Where There Is an Existing Contract Between Two Parties And,to