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Kory AJ Jaydin
on Nov 29, 2024

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Abbey helped Greyson study for an important exam for about 8 hours. After Greyson got an "A" on the exam, he told Abbey , "I will give you $25 for helping me get a good grade." Abbey said, "Thanks, I'll take it." There is:

A) no contract because there is no mutual assent.
B) no contract because there is no valid consideration.
C) no contract because $25 is not adequate consideration for 8 hours work.
D) a contract with sufficient consideration.

Mutual Assent

refers to the agreement between parties in a contract, shown by a valid offer and acceptance, which is required for a contract to be enforceable.

Valid Consideration

Valid Consideration is a necessary component of a legally binding contract, involving something of value exchanged between the parties involved.

Adequate Consideration

Something of value that is deemed by law to be sufficient grounds for enforcing a party's obligation under a contract.

  • Gain an understanding of the foundational aspects and elements of consideration in contractual agreements.
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Eglent BegajDec 01, 2024
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