Daniel owes Casey a debt, the amount of which is subject to a good faith dispute. The parties agree to settle the debt, with Daniel promising to pay Casey $15,000 and Casey promising to release Daniel on a $25,000 debt. The settlement agreement: a. lacks consideration because Casey is not giving Daniel any legal value. b. is binding under UCC section 2-209 even though there is no consideration. c. is supported by consideration. d. lacks consideration because Daniel is promising to perform a preexisting legal obligation.
