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For and in Consideration of $10 Form

For and in Consideration of $10 Form

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[Applause] we already know that in order to count as an agreement in the eyes of the law a promise must be supported by consideration in other words under the contract act a promise becomes an agreement only and only when it is supported by consideration now the question arises what exactly is consideration and what counts as valid consideration in the eyes of the law um by the way i apologize for the background noise but i obviously cannot avoid it so coming to the definition which is given in the contract act and of course the same definition is reproduced in our textbook as well so if we read out the definition quickly we can see that it is quite scary indeed it goes as follows when at the desire of the promiser the promisee or any other person has done or abstain from doing or does or abstains from doing or promises to do or abstain from doing something such act or abstinence or promise is called a consideration for the promise blah blah blah now obviously the definition is not sel

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