Illusory promises - PowerPoint PPT Presentation

Section 8.2

Section 8.2. What You’ll Learn. How to identify agreements that are enforceable without consideration (p. 173) How to explain the legal concept of promissory estoppel (p. 175). What You’ll Learn. How to identify agreements that are not enforceable without consideration (p. 176)

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Chapter 8.2: Agreements Without Consideration

Chapter 8.2: Agreements Without Consideration. Made by: Peter Obertan, Hakim Hamer, and Lizette Vargas. Enforceable Agreements Without Consideration. Some courts have eliminated the requirement of consideration in certain agreements.

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Consideration

Consideration. 2.01 Understanding elements and characteristics of a contract. CONSIDERATION. Exchange of benefits and detriments by the parties to an agreements Requirements of consideration: Must involve a bargained-for exchange (promise made in return for another promise)

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