Contracts Flowchart - Consideration

! $ c

c

p ) c! $ c

" c #$ c

" %c!c&c

c c c c c c

cc

c c c c c

.c/c 0c# c

'cc( c cccc ponsid. for A is not consid. for B.

! c

# cc0 cccc Good faith supersedes K that was based on invalid claim

' ! c c c c

"3c3 4c "cc cccc Vew consid. is required for contract mod.

"(! cc cccc Value to a party only relevant at time of contractc

c c c c c

ccc Forbearance from a legal right at !

2 c c

! c c$ ,c 25 c 2V ( c 2#c6c% $ c 2 ccc! c 27c c!c( ! c c

( ) * $ c 2 c c 2 (c ! c c c!c c c c !c! c( c 0 +c 2c c c cc 2cccc( c $ c

Vpp

! ,c ) cc c -c 8 c c

9cc cccc Oromise not illusory b/c deal hinged on an objective standard & good faith

Vpp , : c c (c $/c c6c$ -c c ( c!c c c c cc! c

c1 c. cccc 0c# c2c Vominal consid. insufficient b/c of possible bkrptcy motives

cc cccc pourts will not assess consid. amount, unless͙c

Vpp V$ *c ) c$ +c

& .c # cc c c&cccc cc

,c -c( cc ( c

' cc c& cccc Unequal bargaining power

!" # $% V!c $c( c $ c( c

9 ( c6c 1 % c7c

:cc2!!cccc An implied duty to act in good faith can be consid.

+ ) #% 2.c! c 2 c c/c cc( c ( / % c 2 ccactualc( c

p V V

c

c (( c V8 c c

>2& c

c9$ c ! c c

cc:cccc Oast actions are not consideration, unless͙

c c!c c!cOerformance ccbargained for

73 cc73 cccc pondition to receive a gift, and gratuitous promises are not consid.

2"c! c$ ! c c0c 20c ( c$ ! c6c(( c 2& c?c % $ c c c0c c c$ ! c/c (c Unjust Enrichment)

', c!c$ ! c c ! $ cc!,c 2) c ccc! c 2cc8 c c 25 c(( c c$ ! c : $$cc .c@cA 8 Bc -Extreme benefit to B -Sever injury incurred, causing reliance to be in effect -Ongoing payments being made -Already being enforced for years -Oromise is in writing

& cc c Gifts may be unenforceable even w/o any conditions

V$ - 20c cc c c c $ ! c 0c c c c c(c !c c c cc c3c

0 cc: c Acting as volunteer in conferring benefit to B that B does not ask for and explicitly refuses

& c c 1 cc.! c V ! $ c

V +! " $ c"c cc! 23c c!cc c"cc$ ! c!c /( -c c cA !c cc -c cc ccEFBc c

0 ! ) # +! * ! 1 2 ! !0 c

c c c ;c <c =c

4cc( c ( c!c c$c c(c c ( c c c9c cc( c 1 cc( c c$ creasonable by B and foreseeable by Ac

c$ cc c c c c c

8 cc$ c cc$c !c ( c

## !$ ./ 2: cc"c6c04c (Cc 2c cc"Cc 2" c04c c$ c $Cc 2 -cccknowing all the facts

0cc0 c Vo promise; A did not expect reliance on ͞it͟; B͛s understanding of situation unreasonable

+! " $ c"c cc 23c c!cc c"cc cc / ! c$ ! c cADcc c ccc cas a housekeeperBcc

13 cc cccc A mere inducement can be basis for O.E.

"2 cc"c O.E. not applicable when K is present/enforceable

" cc) c Bilateral agreement can be enforceable even if one promise is only implied in fact from conduct

Contracts Flowchart - Consideration

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