JDCA2012 wrote:jmhendri wrote:JDCA2012 wrote:Is a promise to pay consideration for option in future = option K? I said no...but I had also never seen that scenario come up before. As per a lot of the test. Fuck.
A promise to perform a legal detriment is pretty much always valid consideration I think.
But it was to keep the offer open? I mean if he tendered the 200, no problem, but he didn't. SO i was like uh. he promised to pay to keep it open? but didnt? can you have a separate contract based on a promise to pay consideration for keeping an offer open for an option for a contract?
A promise to perform in exchange for a promise to perform. Why wouldn't it be valid? You know option Ks are valid as long as there's consideration, and you know a promise to perform is a valid consideration... imagine if it had been a promise to paint the guys house. The fact that the promise wouldn't materialize for 10 days doesn't invalidate the value of the consideration.