contractForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › contractThis topic has 1 reply, 2 voices, and was last updated 6 years ago by MikeLittle.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts May 18, 2017 at 5:19 pm #386877 adarsh1997ParticipantTopics: 637Replies: 282☆☆☆☆Hi Mike!Could you explain, why if there is an existing contract and one party makes a further promise, no contract will arise?Thanks. May 18, 2017 at 9:33 pm #386916 MikeLittleKeymasterTopics: 27Replies: 23137☆☆☆☆☆This has to be a particular situation because, on the face of it, a new contract COULD existMaybe in the situation that you envisage there is no EXTRA consideration from the other party to balance the further promise by the first partyDoes that explain it?AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)The topic ‘contract’ is closed to new replies.