Define the term consideration.
Identify the different types of detriment.
Explain the characteristics necessary for valid consideration.
Define the term unconscionable.
Explain whether a promise not to sue can be consideration.
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Business Law with UCC Applications,13eConsideration and Cyber-PaymentsChapter 9McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.Learning ObjectivesDefine the term consideration.Identify the different types of detriment.Explain the characteristics necessary for valid consideration.Define the term unconscionable.Explain whether a promise not to sue can be consideration.Learning ObjectivesExplain whether a charitable pledge can be consideration.Define accord and satisfaction.Identify those enforceable that lack consideration.Explain promissory estoppel.Describe the issues involved in cyber-paymentsConsideration andCyber-PaymentsRequirements of ConsiderationThe Nature of Consideration The Characteristics of ConsiderationConsideration andCyber-PaymentsThe Characteristics of ConsiderationBargained-for ExchangeAdequacy of ConsiderationLegality of ConsiderationConsideration andCyber-PaymentsTypes of ConsiderationMoney as Consideration Property and Services as Consideration Promises Not to Sue Charitable PledgesConsideration andCyber-PaymentsProblems with ConsiderationDisputed Amounts Undisputed AmountsConsideration andCyber-PaymentsAgreements without ConsiderationEnforceable Agreements Unenforceable AgreementsConsideration andCyber-PaymentsEnforceable AgreementsPromises under SealPromises after Discharge in BankruptcyDebts Barred by Statutes of LimitationsPromises Enforced by Promissory EstoppelOptionConsideration andCyber-PaymentsUnenforceable AgreementsPreexisting DutiesPast ConsiderationIllusory PromisesFuture Gifts and LegaciesConsideration andCyber-PaymentsCyber-Payment Tactics and ConcernsCyber-Price and Competition Cyber-Payments and Cyber-ContractsConsideration andCyber-PaymentsCyber-Price and CompetitionCyber-Price ShoppingCyber-Shopping CostsCyber-Shopping and the LawConsideration andCyber-PaymentsCyber-Payments and Cyber-ContractsCyber-Payment OptionsCyber-Payment Security Issues
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