CHAPTER 11. Consideration. Click your mouse anywhere on the screen when you are ready to advance the text within each slide. .
Click your mouse anywhere on the screen when you are ready to advance the text within each slide.
After the starburst appears behind the blue triangles, the slide is completely shown. You may click one of the blue triangles to move to the next slide or the previous slide.
“Promises are the uniquely human way of ordering the future.”
German-American Political Scientist
“Bargaining is obligating yourself in order to induce the other side to agree.”
Bargain to advance the text within each slide.
There is consideration to support a contract between A and B, when they bargain...
A to give B a benefit
B to give A a benefit
and their bargaining causes BOTH parties ...
A to suffer a detriment
B to suffer a detriment
…to either give a benefit to the other or to suffer a detriment themselves.
Consideration supports a contract!
“The law does not hold us accountable for every promise we make. The doctrine of consideration determines which promises a court must enforce.”