Title: Reading: (CU2 M1) Contract Formulation: Consideration
Course: SkillsCom BA 226 16.0

Make sure you understand that consideration is not the same as money or payment. By saying that a contract requires consideration, the law is simply requiring that a party give up something to which it is otherwise entitled.

Please read The Legal and Ethical Environment of Business: “Chapter 6: Section 1: Formation” (PDF)

Duplicate.