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Why Is There No Consideration When a Party Does What

question 65

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Why is there no consideration when a party does what it is already legally obligated to do?


Definitions:

U.S. Citizens

Individuals who possess citizenship of the United States, either by birth or naturalization.

Franchise Agreements

Legal contracts between franchisors and franchisees that outline the terms and conditions for operating a franchise business.

Trade Secret

A process, product, method of operation, or compilation of information that gives a businessperson an advantage over his or her competitors.

Personal Service

The process in which an officer of the court hands legal documents, such as a summons or complaint, to the defendant.

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