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bb.outline.kconsideration

bb.outline.kconsideration - a LaClede Gas Company v Amoco...

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Contracts: Consideration Corresponding Reading Assignment: Text: Pages 352 – middle of 370 1. The Basic Concept of Consideration a. Definition: b. Legal Detriment – i. Forbearance: 1. Hamer v. Sidway (page 353) c. Bargained-for Exchange 2. Performance of Preexisting Obligations a. Obligations imposed by law b. Already existing contractual obligations i. Quarture v. Allegheny County (page 356) ii. Exceptions: 3. Adequacy of Consideration 4. Mutuality of Obligation
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Unformatted text preview: a. LaClede Gas Company v. Amoco Oil Co. (page 360) b. Requirements Contracts c. Output Contracts d. Settlement of Debts i. Unliquidated Debts – 1. Accord and Satisfaction: ii. Liquidated Debts iii. Composition Agreements 5. Promissory Estoppel a. Definition: b. Elements: c. See examples on page 413 of your text d. Garwood Packaging, Inc. v. Allen & Co . (page 367) e. Formal Promises to Charitable Institutions...
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