class notes - sept 27 - seal and consideration

class notes - sept 27 - seal and consideration - something,...

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Consideration is the price that one party pays for the promise of another The price for the promise in a unilateral contract = act/service The price for promise in bilateral contract = promise act/service, or promise not to do
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Unformatted text preview: something, promise to give up a right word ‘seal’ or actual red sticker = consideration Gratuitous promises Mutual modification...
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This note was uploaded on 12/10/2011 for the course COMM 393 taught by Professor Elaine during the Spring '10 term at UBC.

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