Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond

Exercise 17

Williamson was about to lose a house that she owned but was mortgaged. She agreed to sell the house to Matthews for an amount she thought would pay off the mortgage and leave enough money for her to purchase a mobile home. After making the sale, Williamson went to her attorney and said that she wished to back out of the house sale because the selling price was inadequate. She claimed that she had not charged Matthews enough to pay off her mortgage and then be able to purchase a mobile home. Could the sale of the house to Matthews be voided for lack of consideration? (Williamson v. Matthews, 379 So2d 1245 Ala)