Explain How Cigarettes Could Be Called "Money" in Prisoner-Of-War Camps

question 14

Essay

Explain how cigarettes could be called "money" in prisoner-of-war camps of World War II.

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Definitions:

Consideration

Consideration is a fundamental principle in contract law, referring to something of value exchanged between parties as part of an agreement.

Legal Value

Consideration or benefit recognized by law as sufficient to form a valid contract or enforceable obligation.

Gross Inadequacy

An extreme lack of sufficiency or competence in performance or provision, often referenced in legal contexts concerning contractual or fiduciary obligations.

Bilateral Contract

A type of contract that involves two parties where each party makes a promise to the other.