Asked by
Michele Blockinger
on Nov 21, 2024
Verified
Partial payment of a debt is never valid consideration.
Valid Consideration
Valid consideration in a contract represents something of value that is given by all parties involved, serving as the reason or inducement to enter into the contract.
- Achieve knowledge of the concept of consideration as it pertains to contract law and its importance in the formation of legally binding contracts.
- Determine the elements that affect the sufficiency of consideration in contractual contexts.
Verified Answer
TS
Learning Objectives
- Achieve knowledge of the concept of consideration as it pertains to contract law and its importance in the formation of legally binding contracts.
- Determine the elements that affect the sufficiency of consideration in contractual contexts.
Related questions
Sameer Promises His Uncle, Farouk, That He Will Study Every ...
________ Is What a Person Receives in Return for Performing ...
A Promise to Do Something That You Are Already Obligated ...
A Detriment to a Promisor Is a Type of Consideration
Barbara Promises to Stop Running Her Dog Grooming Business ...