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 12-4. If Teatro offers no reason for the extra $250,000,but says only that it will stop work if it is not paid,the agreement is

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The preexisting duty rule states that a promise to do something that one is already legally obligated to do is not valid consideration. In this case, Teatro Restoration, Inc. was already under contract to renovate the theater for Urban Edge Productions. Therefore, their demand for extra money without any stated reason or unforeseen difficulties would not be considered valid consideration and the agreement would be unenforceable.