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[Music] hey long nerds Im finally back this is Professor Tracy with a follow-up to my video on pre-existing legal duty this time were going to see how that rule meshes with contract modifications so what we have in mind here is that the parties already have a contract in place and theyre seeking to change one or both of the duties that are owed to each other so lets jump right into the material first well start with our general rule regarding modifications so remember that the three elements of a contract are offer acceptance and consideration our Focus having been on that last element so far consideration when there is a contract modification this there is a need still for all three of of those elements are focus in this video as with the last several is on the element of consideration and how that fits with modifications so let it be said that the biggest obstacle to a modification is the pre-existing Duty rule because if you think about it with a existing contract the partys a
