Consideration defined as act, abstinence, or promise at the promisor's desire establishes the exchange required for contractual enforceability. Consideration denotes acts, abstentions or promises performed at the promisor's desire that constitute the quid pro quo for a promise; such act, ... Summary
Consideration defined as act, abstinence, or promise at the promisor's desire establishes the exchange required for contractual enforceability.
Consideration denotes acts, abstentions or promises performed at the promisor's desire that constitute the quid pro quo for a promise; such act, abstinence or promise is treated as consideration and provides the operative exchange that enables contractual obligations, distinguishing enforceable agreements from gratuitous arrangements.
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