Ask a Business Lawyer. Get Business Law Questions Answered ASAP.
1. Yes. Huber had the power to change the nature of the consideration he was willing to accept and to reduce the effective total value of the repayment. The change in the nature of the consideration paid by Sill and the reduction in the amount accepted support the validity of the agreement to cancel the debt at this time.
2. Yes. The principle here is PROMISSORY ESTOPPEL. By virtue of that rule of law, if A makes an offer or promise and B acts in reliance on that promise to B's detriment (quitting the other job), then a contract has been formed.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).