Contract Law Review 05 Consideration as Bargained-For Exchange

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The doctrine of consideration seems designed to confuse many law students, but the core concept is simple: contracts must be "bargained-for." That means each party must enter into a contract expecting to gain something. It does not necessarily mean that they haggled. But it does require contemplation of an exchange for value. Learn why in this video on consideration under common law.
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Consideration is the value of the obligation.

MrDante