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Shivam has a broken laptop screen and needs to replace the screen. While doing research to find a new screen, he discovers that the laptop screen he is replacing does not have a backlight.
What kind of screen does Shivam need to order for his laptop?
Gratuitous Promise
A promise made without expecting anything in return, often not legally binding unless certain formalities are met.
Consideration
The benefit, interest, right, or profit that is given or promised to one party in a contract in exchange for them to do or not do something.
Binding Contract
An agreement between two or more parties that is legally enforceable.
Consideration
The value (which could be in the form of money, goods, services, or a promise) exchanged between parties in a contract, making the agreement legally binding.
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