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Consideration of the Final Payment in the Amount of $, Hereby Form

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Consideration of the Final Payment in the Amount of $, Hereby Form

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in this video we will discuss consideration and the formation of a contract consideration is one of three elements that are needed to make a contract elements are like ingredients think of the ingredients you might need for a soup and if we're missing and changing ingredients then we don't have soup our elements or ingredients for a contract are offer acceptance and consideration an easy way to understand consideration is that each party has to give something and get something and just make sure that what a party is giving is not something that party already has to do for example let's say Peter asks Sally to paint his fence and Sally says no that's not a problem Sally doesn't have to paint anybody's fence and Peter doesn't have to pay anybody if he doesn't want to but Peter's fence is not going to get painted now let's say Peter and Sally agree that Sally will paint Peter's fence for $100 now we ha

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