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No Consideration Affidavit 2010

Baltimore City No Consideration Affidavit 2010-2025 Form

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Instructions and help about No Consideration Affidavit

let's see you have money and I have food and then we agree that you will pay me your money and I will give you my food we all know this example from our introductory video to contract law and we know that the agreements that we meet in legal terms is called a contract but let's dive deeper what exactly did we do when we made that agreement well in very broad terms we exchanged promises you promised me to pay me your money and that benefits me meanwhile I promised to give you my food and that benefits you this forms a contract between us and if either of us decides not to keep our promises under this contract the law will make us keep them now we know that the law is really serious about contracts at a deeper level the reason for this is that contracts usually create win-win situations and the law loves those that's what the doctrine of consideration exists for very broadly it ensures that only contracts which create win-win situations can be enforced by the cour

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