Study each of the following cases carefully. Briefly state the principle of law and your decision. Consideration The Spring Well Drilling Company entered into a contract with Towne Construction Company to

Study each of the following cases carefully. Briefly state the principle of law and your decision.
Consideration The Spring Well Drilling Company entered into a contract with Towne Construction Company to drill a well to supply water to a particular piece of property where Towne was building a house. Spring Well offered no guarantee that water would, in fact, be produced. The drilling proceeded, but no water flowed. Towne refused to pay on the grounds that there was a failure of consideration. Spring Well sued to collect the agreed fee. Will Spring Well succeed in the suit?
Principle of Law:
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Decision:
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