If the builder sues the company for $1 million, is the builder likely to prevail?
A. No, because the modification was never reduced to a writing signed by the party to be charged.
B. No, because there was no consideration for the modification of the contract.
C. Yes, because the company’s promise was supported by consideration.
D. Yes, because the modification was fair and equitable in view of the unanticipated increase in the price of structural steel.
Answer:D
If the builder sues the company for $1 million, is the builder likely to prevail?
A. No, because the modification was never reduced to a writing signed by the party to be charged. B. No, because there was no consideration for the modification of the contract. C. Yes, because the company’s promise was supported by consideration. D. Yes, because the modification was fair and equitable in view of the unanticipated increase in the price of structural steel.