Business Law – 5/12/09

Bellwork: P. 139 What’s Your Verdict? Q&A

Objectives:

Identify the 3 requirements of consideration
Recognize various forms of consideration

Classwork:

Create 5 multiple Choice for Section 8-1

Questions & Answers #8-#12

8. How can legal value be found in the exchange of benefit for a detriment?
9. Under what conditions is there no consideration?
10. What is adequacy of consideration?
11. What are the three requirements of consideration?
12. Define the various types of consideration.