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In an effort to remember some grocery items,Andrew visualizes a huge loaf of bread,with a bottle of soda balanced on one side of the bread and a can of soup on the other.Andrew is using
Preexisting Duty Rule
A legal doctrine stating that a promise to perform something the promisor is already legally obligated to do is not consideration for a new contract.
Adequacy of Consideration
Pertains to the fairness of the value exchanged in a contractual agreement, often examined in legal disputes over contract validity.
Legally Sufficient
Having the requisite form, substance, and detail to comply with the law and withstand legal scrutiny.
Past Consideration
Consideration for a contract that has already been provided before the agreement is made, not valid as consideration in most legal systems.
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