Asked by
Caroline Kelley
on Nov 21, 2024Verified
"Because you have worked so hard this year, I will give you a $2,500 Christmas bonus" would be consideration to support a contract.
Consideration
a legal principle involving something of value exchanged between parties within a contract, making the agreement enforceable.
- Assess the impact of previous consideration on contract law and its usual disqualification from constituting acceptable consideration.
Verified Answer
AF
Learning Objectives
- Assess the impact of previous consideration on contract law and its usual disqualification from constituting acceptable consideration.