TAILIEUCHUNG - Lecture Business law: The ethical, global, and e-commerce environment (15/e): Chapter 12 - Mallor, Barnes, Bowers, Langvardt

Chapter 12 provides knowledge of consideration. Upon completion of this lesson, the successful participant will be able to: Define concept of consideration, list elements, and explain significance; explain why illusory promises, past consideration, and promises to perform preexisting obligations are not consideration; determine what is a valid contract modification. | Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 3 Introduction to Contracts The Agreement: Offer The Agreement: Acceptance Consideration Reality of Consent Contracts P A R T 3 Capacity to Contract Illegality Writing Rights of Third Parties Performance and Remedies Contracts P A R T Consideration P A E T R H C 12 Make yourself necessary to someone. Ralph Waldo Emerson The Conduct of Life (1860) Learning Objectives Define concept of consideration, list elements, and explain significance Explain why illusory promises, past consideration, and promises to perform preexisting obligations are not consideration Determine what is a valid contract modification Consideration is legal value bargained for and given in exchange for an act or a promise Elements of Consideration Purely gratuitous promises are not enforceable because not supported by consideration Thorne v. Deas Example: early case of Thorne v. Deas, in which part owner of sailing .

• Quản trị kinh doanh
• Business law
• Business ethics
• E commerce environment
• Regulation of business
• Bargained for exchange
• Past consideration
• Dynamic business law
• Lecture Dynamic business law
• Legal environment of business
• Criminal law
• Business crime
• Classification of law
• Law of torts
• Luật Kinh doanh
• Fundamentals of Business Law
• Lecture Fundamentals of Business Law
• Contract Law
• The law of torts
• Consumer law
• Law of marketing
• Administrative law
• Administrative agency
• Constitutional law
• Constitutional principles
• Tort law
• Classification of torts
• Business organizations
• Antitrust law
• Antitrust law rationale
• Business organisations
• Joint venture law
• Advertising Law
• E commerce law
• Marketing law
• Property law
• Insurance law
• Consumer credit law
• Competition law
• Intellectual property law
• Bankruptcy law
• Employment law
• Workplace relations law
• Work health law