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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“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.”