Contracts Help
Posted: Sat Jul 04, 2015 11:39 am
I know that consideration is needed to render a promise enforceable (or P.E./M.B.), but what distinguishes the two when reading a hypothetical?
For Example, Bill offers Ryan $100 to mow his lawn, which Bill accepts. Bill's promise is to give Ryan the $100, but isn't paying the $100 his consideration as well? (and vice versa for Ryan's performance.)
I'm having some serious confusion,
Thanks.
For Example, Bill offers Ryan $100 to mow his lawn, which Bill accepts. Bill's promise is to give Ryan the $100, but isn't paying the $100 his consideration as well? (and vice versa for Ryan's performance.)
I'm having some serious confusion,
Thanks.