A contract is an enforceable promise
consideration is what makes a promise enforceable--->you need consideration for making a promise enforceable
consideration is something of value given by both parties that induces them to enter into an agreement in exchange for mutual performances (can be anything of value, $$, physical objects, another promise, performance/forbearance, etc)
to get consideration (aka to make a promise enforceable) you need to bargain for a performance/return promise under R2d
you have a bargain if the promisor seeks performance/return promise from the promisee for his promise and if the promisee gives the promisor the performance/return promise in exchange for the promisor's promise.
performance can be an act other than promise, forebearance, legal relation
Did the promisor make a promise trying to get a return promise/performance from the promisee? Did the promisee give a return promise/performance on the basis of promisor's promise?
Look @ relationship between what promisor is seeking and what promisee did? It's a relatinship of mutual inducement
Remember that Hamer court said that there need be benefit OR detriment for consideration but did not define detriment the way the executor (defendant did). It's enough that legal freedom of action was restricted---actual harm is not of importance.
Sorry about the length. Just a bit nervous that I'm still missing something. TYIA.
