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Critically assess the extent to which the performance of existing duties may be said to amount to sufficient consideration.
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BSc (Hons) Year 1 Principles of Business Law Coursework 1. Lennard read in his local paper that Barry was selling his car for £2,000. After examining the car Lennard told Barry that he was prepared to pay £1,500. Barry replied that they should split the difference and therefore he would accept £1,750. Lennard then told Barry that he needed time to think it over. Barry then said "you must give me an answer by the Monday of next week". On the Monday Lennard sent a facsimile message to Barry's workplace, and for good measure, a letter to Barry's home address in which he stated the following: "I am happy to give you £1,750 for the car. Will you take a post-dated cheque?" Barry did not see the facsimile message that had been buried under a pile of paper on his desk and Lennard's letter was not received until two days after posting. In...
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