Bell Ringer. What are the 6 parts of a contract? What does it mean to consider something? Why do parties exchange goods or services in a contract? What do you think a court is most concerned with when enforcing a contract? Why?. Bell Ringer. What are accord and satisfaction?
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Promise not to Sue: A party, who has the right to sue, can waive their right to sue in exchange for something of value (example of forbearance).