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Types of Consideration in Contracts by ssskkkiii is a document available to read on EtoBox.

This document discusses the four pillars of contract law, with a focus on consideration. It defines consideration as the price or compensation exchanged between parties in a contract. Consideration must be given for a contract to be enforceable, though it need not be adequate in value. There are three types of consideration: executory, executed, and past consideration. Exceptions exist where past consideration may be sufficient. Two main rules on consideration are that it must move from the promisee but not

Author

ssskkkiii

Language

EN