Fact Pattern 13-4
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 13-4. If Teatro says it is asking for the extra $250,000 because ordinary business expenses have increased, the agreement is

Question

​Fact Pattern 13-4
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 13-4. ​If Teatro says it is asking for the extra $250,000 because ordinary business expenses have increased, the agreement is

Quizplus · Accepted Answer

The preexisting duty rule states that a promise to do what one already has a legal obligation to do does not constitute legally sufficient consideration. As Teatro was already contractually obligated to renovate the theater for the agreed-upon price, their demand for an additional $250,000 based on ordinary business expenses is not legally enforceable.

​Fact Pattern 13-4 Teatro Restoration, Inc., Begins Renovating an Old Theater for Urban

Fact Pattern 13-4 Teatro Restoration, Inc., Begins Renovating an Old Theater for Urban