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Good faith modification - PowerPoint PPT Presentation

ES 2.00 UNDERSTAND CONTRACT LAW

ES 2.00 UNDERSTAND CONTRACT LAW. Obj. 2.01 Understand the elements and characteristics of a contract. Elements of a Contract. Offer Acceptance Genuine Agreement/Assent Consideration Capacity Legality All elements MUST be present to be an enforceable contract. OFFER.

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Consideration

Consideration. 2.01 Understanding elements and characteristics of a contract. CONSIDERATION. Exchange of benefits and detriments by the parties to an agreements Requirements of consideration: Must involve a bargained-for exchange (promise made in return for another promise)

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Good faith modification - PowerPoint PPT Presentation

ES 2.00 UNDERSTAND CONTRACT LAW

Consideration