100+ Preexisting duty PowerPoint (PPT) Presentations, Preexisting duty PPTs

Preexisting duty - PowerPoint PPT Presentation

Contract Law

Contract Law. What is a contract?. A contract is an agreement between 2 or more people to exchange something of value. Examples Cell phone Hiring someone to work on your house Hiring a tutor for school Ordering food at a resturant. Elements of a Contract.

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Consideration

CHAPTER 11. Consideration. Click your mouse anywhere on the screen when you are ready to advance the text within each slide. .

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CHAPTER 15: BARGAINED-FOR CONSIDERATION

CHAPTER 15: BARGAINED-FOR CONSIDERATION. CHAPTER 15: BARGAINED-FOR CONSIDERATION. Learning Objectives: Nature of the Consideration Requirement Bargain Theory of Consideration Mutuality of Obligation Contacts Valid Without Consideration. NATURE OF THE CONSIDERATION REQUIREMENT.

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Consideration is legal value bargained for and given in exchange for an act or a promise

Elements of Consideration. Consideration is legal value bargained for and given in exchange for an act or a promise. Purely gratuitous promises are not enforceable because not supported by consideration. 12 - 1. Legal Value of Consideration.

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Preexisting duty - PowerPoint PPT Presentation

Contract Law

Consideration

CHAPTER 15: BARGAINED-FOR CONSIDERATION

Consideration is legal value bargained for and given in exchange for an act or a promise