promise of the other party. The price must be something of value, although it need not be money. Consideration may be some right, interest or benefit going to one party. Of course, the consideration must not be illegal or impossible to perform. Contract law consideration bases on the exchange promise between parties in contract and it also is a bound form in order to the promise, which has to have responsibility for that. (E-lawresources, 2013) Executed consideration is one of all parties must do implement…
Words 5018 - Pages 21