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Preexisting Duty Rule
Title: Preexisting Duty Rule
Category: Literature / English
Details: Words: 848 | Pages: 3.6 (approximately 235 words/page)
Preexisting Duty Rule
Preexisting Duty Rule
Why the Preexisting Duty Rule is important to homebuilders? In some cases, Preexisting Duty Rule is a promise to do what one already has a legal duty to do or performance of a duty already owed by contract or law (Angel v. Murray). Law or a previous contract may enforce the preexisting duty rule. For example, a sheriff cannot collect an award for information arising to the capture of a criminal because …showed first 75 words of 848 total…
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…showed last 75 words of 848 total…is receiving a higher-grade lumber and Mr. Shawn is receiving ,000. Both parties are benefiting from the agreement.
In conclusion, the preexisting duty law is sometimes a critical role in promoting efficiency and fairness in the exchange of goods, services, and other property.
Work Cited
Angel v. Murray 113R.I. 482, 322A.2d 630 (1974). 19 May 2000. 18 July. 2002 http://www.unl.edu/workslaw/angel.html
CONTRACTS. 27 March 2000. Gleim Publications, Inc and Gleim Internet. 18 July. 2002
Ruelas, Ronnie N. Personal interview. 18 July. 2002.
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