Explain the preexisting duty principle in private sector contracts
What will be an ideal response?
In the private sector, the preexisting duty rule often arises when one of the Parties to an existing contract seeks to change the terms of the contract during the course of its performance. Such midstream changes are unenforceable: The parties have a preexisting duty to perform according to the original terms of the contract. Sometimes a party to a contract runs into substantial unforeseen difficulties while performing his or her contractual duties. If the parties modify their contract to accommodate these unforeseen difficulties, the modification will be enforced even though it is not supported by new consideration.
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In the 21st century, the value of public relations education is evident in ________
A) more than 200 journalism or communication programs offering a public relations concentration B) business schools making public relations education an essential part of their curriculum C) managing editors in print media with college degrees in public relations D) practitioners acknowledging that they learned key principles in college
The most common reason given for not creating lessons learned is the lack of ________.
Fill in the blank(s) with the appropriate word(s).
When solving for a present value, the interest rate is commonly referred to as the compound rate, but when solving for the future value, the interest rate is called the discount rate
Indicate whether the statement is true or false.
Which of the following is not characteristic of case studies?
A. They often depict realistic situations. B. They allow trainees to act out skills. C. They allow trainees to analyze situations and make recommendations. D. Trainees' recommendations are hypothetical.