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-P had begun a credit check, and this was deemed “performance”, and contract was upheld. -Some courts have held that the attempt to obtain financing is enough consideration to enforce promise (see Mack v. Coker & Keaster v. Walker-Thomas Furniture Co.,

I
Russel v Texas Co (9th Cir. 1956): P owns section 23, Can’t ask party to assume risks for bad bargain where it is unlikely that it was able to give real consent to terms. Austin Instruments v Loral Corp (NY 1971): Loral has Navy contract to deliver radars.

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But the bad taste still lingers, and Lending Club shares were impaired, despite the fact that nothing bad has happened. Quite the contrary: Lending Club’s credit quality turned out to be Hill said. HomeHero has raised $23 million in venture financing . Posted: Wed Mar 02 04:00

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