Common Contracts

Basis for Enforcing Promises Consideration as a Basis for Enforcement Fundamentals of consideration

Consideration as a Basis for Enforcement • September 17th, 2020

• Contract Type
  Consideration as a Basis for Enforcement
• Filed
  September 17th, 2020

Consideration: 1. something of value (such as an act, forbearance, or a return promise) received by a promisor from a promise; 2. consideration, or a substitute such as promissory estoppels, is necessary for an agreement to be enforceable