Consideration is “the price for which the promise of the other is bought”
-Must pass between parties.
Existing duty not good consideration
- (Legal duty)
Except when something extra
- (Contractual Duty)
-Except when 3rd party interested
-Except when something extra is added
-why (evaluation)>it makes practical sense as the agency has skills and expertise.
Past consideration is not good consideration
-except where a service is requested
Consideration must not be adequate but must be sufficient
Sufficient = something
Something = tangible; value
The right to sue requires consideration