
Business Law and the Legal Environment 7th Edition by Jeffrey Beatty,Susan Samuelson
النسخة 7الرقم المعياري الدولي: 978-1305633612
Business Law and the Legal Environment 7th Edition by Jeffrey Beatty,Susan Samuelson
النسخة 7الرقم المعياري الدولي: 978-1305633612 تمرين 10
Apply the following material to the next two questions.
Some view consideration as a technicality that allows people to make promises and then back out of them. Perhaps all promises should be enforced. In Japan, for example, promises to give gifts are enforceable without consideration.13
In the United States, if I promise to give you a gift merely because I feel like being nice, I can freely change my mind as far as contract law is concerned. A court will not make me follow through because there is no consideration.
In Japan, I would be obligated to buy the gift if all other elements of a contract were present-an offer, an acceptance, and so forth.
Are there any specific types of agreements (perhaps high-value, long-term, extremely time-consuming ones) that should definitely require consideration?
Some view consideration as a technicality that allows people to make promises and then back out of them. Perhaps all promises should be enforced. In Japan, for example, promises to give gifts are enforceable without consideration.13
In the United States, if I promise to give you a gift merely because I feel like being nice, I can freely change my mind as far as contract law is concerned. A court will not make me follow through because there is no consideration.
In Japan, I would be obligated to buy the gift if all other elements of a contract were present-an offer, an acceptance, and so forth.
Are there any specific types of agreements (perhaps high-value, long-term, extremely time-consuming ones) that should definitely require consideration?
التوضيح
There are certain type of agreements whi...
Business Law and the Legal Environment 7th Edition by Jeffrey Beatty,Susan Samuelson
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