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Essay

Agreement

Essay specific features

 

Issue:

Business

 

Written by:

Raymond H

 

Date added:

September 15, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 785

 

Was viewed:

4233 times

 

Rating of current essay:

 
Essay content:

If only one party offers consideration, the agreement is not legally a binding contract. In its traditional form, consideration is expressed as the requirement that in order for parties to be able to enforce a promise, they must have given something for it (quid pro quo): something must be given or promised in exchange or return for the promise...
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A contract must be "met with" or "supported by" consideration to be enforceable; also, only a person who has provided consideration can enforce a contract. In other words, if an arrangement consists of a promise which is not supported by consideration, then the arrangement is not a legally enforceable contract...
displayed 300 characters

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