Discussion Of Consideration In Contracts And Revocation Of Offers

Example Case: Josie and SamIn common law, a contract needs to have consideration to serve as its bargaining piece. To some extent, a contract will risk losing it legal power if it would be formed without consideration. And if it would demand the court to enforce it for the sake of justice, the law will have the burden of seeking other elements like an intention to be legally bound so as to enforce the contract. These factors brought by the rul…