TAILIEUCHUNG - Lecture Business law: The ethical, global, and e-commerce environment (13/e): Chapter 12 - Mallor, Barnes, Bowers, Langvardt

This chapter include 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. | Contracts Introduction to Contracts The Agreement: Offer The Agreement: Acceptance Consideration Reality of Consent 3 McGraw-Hill/Irwin Business Law, 13/e © 2007 The McGraw-Hill Companies, Inc. All rights reserved. Contracts Capacity to Contract Illegality Writing Rights of Third Parties Performance & Remedies 3 McGraw-Hill/Irwin Business Law, 13/e © 2007 The McGraw-Hill Companies, Inc. All rights reserved. Consideration P A E T R H C 12 “Make yourself necessary to someone.” Ralph Waldo Emerson, The Conduct of Life (1860) Learning Objectives Elements of consideration Legal value Bargained-for exchange Exchanges that fail to meet consideration Exceptions to consideration requirement 12 - Consideration is legal value bargained for and given in exchange for an act or a promise Consideration in the form of an act or promise may have legal value if the person Refrains from doing something the person has the legal right to do Does something the person had no prior legal duty to do .

• Quản trị kinh doanh
• Bargained for exchange
• Past consideration
• Business law
• Business ethics
• E commerce environment
• Regulation of business
• Federal regulation of firms
• State regulation of firms
• Business and society
• Business Government and Regulation
• The Roles of Government and Business
• Interaction of Business
• The Influences of Government
• Dynamic business law
• Lecture Dynamic business law
• Legal environment of business
• Securities regulation
• Exchange commission
• Disclosure laws
• Environmental regulation
• Agency enforcement
• Nature of corporations
• Sole proprietorship
• Forms of business
• Bankruptcy plan
• Bankruptcy code
• Negotiable instruments
• Pay money
• Due course
• Effects of indorsement
• Liability of parties
• Warranty liability
• Check collection
• Electronic funds transfers
• Agency relationship
• Agency authority
• Contract liability of agent
• Implied warranty of authority
• General duties
• Management powers
• Partners joining partnership
• Nonwrongful dissociations
• Limited liability companies
• Limited partnerships
• Preincorporation contracts
• Financing corporations
• Management of corporations
• Corporate powers
• Shareholders’ rights
• Shareholders’ liabilities
• Professional responsibilities of auditors
• Securities professionals
• Administrative law
• Investigative power