Asked by
Dylan Starr
on Nov 21, 2024
Verified
Barbara promises to stop running her dog grooming business. This is not valid consideration.
Valid Consideration
A component of contract law that ensures all parties involved agree to give or do something of value in exchange for a benefit.
- Understand the concept of consideration in contract law and its role as a requirement for legally enforceable contracts.
- Analyze the role of past consideration in contract law and its typical exclusion from forming valid consideration.
Verified Answer
MA
Learning Objectives
- Understand the concept of consideration in contract law and its role as a requirement for legally enforceable contracts.
- Analyze the role of past consideration in contract law and its typical exclusion from forming valid consideration.