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Agreement
Essay specific features
Written by:
Raymond H
Date added:
September 15, 2014
Level:
University
Grade:
A
No of pages / words:
3 / 785
Was viewed:
4278 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...
displayed 300 characters
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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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