Throughout this module you learned the basics of contract formation. An additional requirement of contract formation is consideration. The courts separate legally binding obligations from mere agreeme
Throughout this module you learned the basics of contract formation. An additional requirement of contract formation is consideration. The courts separate legally binding obligations from mere agreements by checking for consideration. Under basic principles of contract law, consideration is the answer to the question, “Why are you entering this contract?” or “What are you receiving for being a party to this contract?” Consideration, quite simply, […]