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Agreements lacking consideration : gift promises

Author: Jennifer S Martin; Center for Computer-Assisted Legal Instruction.
Publisher: Minneapolis, MN : Center for Computer-Assisted Legal Instruction
Series: CALI lessons., Contracts.
Edition/Format:   Website   Continually Updated Resource   Computer File : English
Publication:CALI : The Center for Computer-Assisted Legal Instruction
Summary:
"This lesson takes a look at one type of agreement that lacks consideration: gift promises. Consideration is often described as the bargained-for-exchange. The bargained-for-exchange is what induces the making of the promise by the offeror and the promise induces the furnishing of the consideration by the offeree. Consideration is the ordinary means for justifying the enforcement of the promises by the parties.  Read more...
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Details

Genre/Form: Interactive multimedia Problems, exercises, etc
Material Type: Internet resource
Document Type: Internet Resource, Computer File, Continually Updated Resource
All Authors / Contributors: Jennifer S Martin; Center for Computer-Assisted Legal Instruction.
OCLC Number: 148081366
Notes: "Approximate completion time: 40 minutes."
Target Audience: Law students in CALI-member law schools.
Details: Mode of access: World Wide Web.
Series Title: CALI lessons., Contracts.
Other Titles: CON71
Responsibility: by Jennifer Martin.

Abstract:

"This lesson takes a look at one type of agreement that lacks consideration: gift promises. Consideration is often described as the bargained-for-exchange. The bargained-for-exchange is what induces the making of the promise by the offeror and the promise induces the furnishing of the consideration by the offeree. Consideration is the ordinary means for justifying the enforcement of the promises by the parties. Where a gift is made, bargained-for-exchange is lacking and the promises are not enforceable. This lesson sets out the basic requisites for identifying and evaluating a gift promise. The general attributes of consideration are covered in other lessons."--CALI lessons subject list.

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