Modification of contract terms also requires
consideration, just as the original contract
CONTRACT MODIFICATION
"A modification must satisfy the
elements of a contract: a meeting of the minds supported by
consideration." Hathaway v. Gen.
Mills, Inc., 711 S.W.2d 227, 228 (Tex. 1986); see also Walden v. Affiliated Computer Servs., Inc., 97 S.W.3d 303,
314 (Tex. App.-Houston [14th Dist.] 2003, pet. denied).
Consideration is defined as "either a benefit to the promisor or a loss or detriment to the promisee." N. Natural Gas Co. v. Conoco, Inc., 986 S.W.2d 603, 607 (Tex. 1998) (quoting Receiver for Citizen's Nat'l Assurance Co. v. Hatley, 852 S.W.2d 68, 71 (Tex. App.-Austin 1993, no writ)).
Consideration is defined as "either a benefit to the promisor or a loss or detriment to the promisee." N. Natural Gas Co. v. Conoco, Inc., 986 S.W.2d 603, 607 (Tex. 1998) (quoting Receiver for Citizen's Nat'l Assurance Co. v. Hatley, 852 S.W.2d 68, 71 (Tex. App.-Austin 1993, no writ)).
SOURCE: HOUSTON COURT OF APPEALS - No.
01-11-00800-CV – 2/28/2013
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