B is correct in the situation of purchasing Whiteacre real estate. When A offered $200,000 for the Whiteacre property and B agreed they entered into a contract. They had a written agreement for the contracted and they both accepted the price and terms. When A changed the price they wanted to pay from $200,000 to $120,000 they made a modification to the contract. Since real estate is under contract law, when a modification was made consideration is required. When B said that the second agreement lacked consideration, and the parties are still bound to the first deal; he is correct because B the seller has a right to consideration. Yes, the outcome would change in the deal was about 10 Supercomputers, instead of about Whiteacre. There are different
