COMM 393 Final: Consideration Cases Summary.docx
Document Summary
In exchange for ,000 the shareholders had to pay a promissory note; which said if the debt can"t be repaid we will each pay a sixth of it: her son then didn"t want to pay it back, his argument was that she paid the money to him not his company, there was consideration, mrs. caligiuri would have recalled the loan if her son hadn"t signed the promissory note, when she gave the money to her son the benefit went to tumillo, the son had to pay the loan back in the end.
