What Is Consideration?

• For your first post, go online and look up at least three definitions and/or examples of the termconsiderationas it applies to contracts. the definition of consideration.

• In a second post, a brief description of a transaction between two parties in which you were involved. This could be a purchase at a store, being hired for a job, or agreeing to mow your neighbor's lawn. State whether this transaction was based on consideration, and explain why or why not.