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contract

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › contract

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.
Viewing 2 posts - 1 through 2 (of 2 total)
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  • May 18, 2017 at 5:19 pm #386877
    adarsh1997
    Participant
    • Topics: 646
    • Replies: 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
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    This has to be a particular situation because, on the face of it, a new contract COULD exist

    Maybe in the situation that you envisage there is no EXTRA consideration from the other party to balance the further promise by the first party

    Does that explain it?

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  • The topic ‘contract’ is closed to new replies.

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