BUSLAW Santa Monica College Contracts Consideration Discussion Board Consideration Generally, for an agreement to constitute an enforceable contract, the

BUSLAW Santa Monica College Contracts Consideration Discussion Board Consideration

Generally, for an agreement to constitute an enforceable contract, the agreement must be accompanied by reciprocal consideration. This means that each party must exchange something of “bargained-for” value. (Please see Chapter 12 and the chapter overview.) In a new thread, please answer the following questions:

1. Do you agree that consideration should be a requirement for a valid contract. Why or why not?

2. Do you think that the doctrine of promissory estoppel should apply as an exception to consideration? Please explain.

Feel free to reference any case decisions in Chapter 12 to support your conclusions.

After posting your notes on these 2 items, please reply (by Thursday) to the entries of two (any two) other students, demonstrating that you have read their posts.

Please be sure to stay on topic and

limit your discussion to only the questions posed. Please respect your

classmates in the discussion boards, and use only appropriate language,

as you would in a professional, business environment. I look forward to

reading your posts!