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YouTubeLaw Simply Explained
Consideration: The Basics | Bargained for Exchange | Legal Value
Greetings fellow law nerds! This second contracts lecture introduces the doctrine of consideration. Consideration is one of the three elements needed for the formation of contract: (1) offer, (2) acceptance, and (3) consideration. In the context of contract law, consideration is NOT about mental analysis or high regard. Rather, it refers to the ...
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