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After looking over the requirements for her term paper, Janie realizes that she must integrate the information from two more sources in the term paper that is due in two days. Janie realizes that in order to study for the two tests and complete the term paper, she will have to spend every waking moment in the library, writing, or studying in order to meet these deadlines and make good grades. Janie is experiencing
Essential Terms
Fundamental conditions or clauses in a contract that are critical to its enforcement and interpretation.
Clearly Specified
means stated or described in a manner that leaves no ambiguity regarding the details or requirements.
Past Consideration
Anything given or promised to be given in the past, which cannot be considered valuable in the context of forming a current contract.
Law of Consideration
A principle in contract law that requires an exchange of something of value between the contracting parties.
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