About this document
Understanding Contract Consideration Types by jade_wu_6 is a document available to read on EtoBox.
This document discusses the legal requirements for consideration in contracts. It defines consideration as a detriment to one party or a benefit to the other. There are two types of consideration: executory, involving future acts, and executed, involving past completed acts. Consideration must not be past, must come from the promisee, and must be sufficient, though not necessarily adequate. Exceptions exist for previous requests, business situations, and part-payment under certain conditions. The document a
- Author
- jade_wu_6
- Language
- EN