Episode description
Welcome back to the Bar Exam Toolbox podcast! Today, in an episode from our "Listen and Learn" series, we're discussing an important concept from Contract Law - consideration - which is one of the three requirements of contract formation.
In this episode, we discuss:
- The three requirements of contract formation
- What is consideration?
- The two ways in which consideration can be provided
- The situations in which there is never valid consideration
- Examples from previous California bar exams
Resources:
- "Listen and Learn" series (https://barexamtoolbox.com/bar-exam-toolbox-podcast-archive-by-topic/bar-exam-toolbox-podcast-explaining-individual-mee-and-california-bar-essay-questions/#listen-learn)
- California Bar Examination – Essay Questions and Selected Answers, July 2008 (https://nwculaw.edu/pdf/bar/July%202008%20Essays%20and%20Sample%20Answers.pdf)
- California Bar Examination – Essay Questions and Selected Answers, July 2006 (https://nwculaw.edu/pdf/bar/July%202006%20Essays%20and%20Sample%20Answers.pdf)
- California Bar Examination – Essay Questions and Selected Answers, July 2002 (https://juraxbar.com/wp-content/uploads/2016/04/July-2002-CBX.pdf)
- Podcast Episode 95: Listen and Learn – Promissory Estoppel (https://barexamtoolbox.com/podcast-episode-95-listen-and-learn-promissory-estoppel/)
- Podcast Episode 161: Listen and Learn – Contract Formation (https://barexamtoolbox.com/podcast-episode-161-listen-and-learn-contract-formation/)
Download the Transcript
(https://barexamtoolbox.com/episode-257-listen-and-learn-consideration-contract-law/)
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Thanks for listening!
Alison & Lee