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Contract Supervision 2 Essay (a)Drains-R-Us Ltd ('D') agreed to refurbish the lavatories at Seraphic College for £50,000 (an optimistically low sum), the work to be completed by October 1, 2002 for the start of the academic year. But D's work was too slow. On September 24, D told Seraphic, 'We're badly behind schedule, but some extra cash would help'. Seraphic reluctantly agreed to pay an extra £10,000, 'provided the work is completed on time'. D then accelerated its work and met the deadline. Seraphic is only willing to pay £50,000. It seeks your advice as to whether the variation agreement is unenforceable because of absence of consideration. and (b)Spin Books Ltd ('S') published Peter's 'last exit from cabinet' and promised Peter annual royalties. In 2001, Peter earned a royalty of £20,000. However, Peter accepted £10,000 'in full satisfaction of the £20,000 royalty' because of S's severe financial difficulties. In early 2002, S's financial...

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