In a common-law contract,if consideration does not firmly commit the parties to the deal,then consideration will fail.

Question

Quizplus · Accepted Answer

Consideration must be something of value or a promise to do or not do something, and must be given in exchange for the other party's promise. If the consideration does not firmly commit the parties to the deal, then it is not considered valid consideration and the contract may not be enforceable.

In a Common-Law Contract,if Consideration Does Not Firmly Commit the Parties