Question
In the following video, the judge must decide whether the situation presented by the two parties existed with adequate consideration. If consideration existed, then a
In the following video, the judge must decide whether the situation presented by the two parties existed with adequate consideration. If consideration existed, then a contract would exist and be enforceable. However, if there was no meeting of the minds and consideration did not exist, then the judge cannot make the defendant pay the plaintiff for the services rendered. Consideration is required in every contract. It is what a person will receive in return for performing a contract obligation. Suppose Dan agrees to purchase Marty's car for $1,000. Dan's payment of $1,000 is the consideration Marty will receive for the car. Title to and possession of the car are the consideration Dan will receive in exchange. Consideration can be anything, as long as it is the product of a bargained-for exchange. In a business context, it is often (but not always) money. Watch the video below all the way through, then answers the questions that follow. How do the plaintiff and defendant know each other? Multiple Choice They played music together for years. They were gambling buddies. They were co-workers. They were strangers before court. They played on a sports team together.
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