Mary agrees to sew Georgia’s prom dress for $50 plus costs. Georgia decides that she wants ruffles around the neck and calls Mary who says it will now cost $60. When Mary finishes the dress (with ruffles), Georgia must pay:a. $50, since that is the original agreement. b. $50, since a modification must be in writing. c. $60, since the modified agreement is supported by additional consideration. d. $60, since any subsequent agreement is enforceable.

$60, since the modified agreement is supported by additional consideration.

Explanation:

When making changes in a contract, it is necessary to have a new consideration to be able to do it which refers to a benefit that is negotiated between the parties that have an agreement.

In this case, Georgia decided that she wanted ruffles around the neck and it was discussed with Mary who said that it was going to cost $60. There was a modification based on a new consideration that was discussed between both parties which makes it valid and because of that Georgia has to pay $60. According to this, the answer is that Georgia must pay $60, since the modified agreement is supported by additional consideration.

forbearance of student loan payments. under forbearance, your loan payments are postponed (or reduced) but interest continues to accrue during the period of forbearance. if you don't pay the interest during that period, the interest may be “capitalized,” which means it is added to your principal balance.

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