Discuss the Requirement of Consideration and Its Role and Value

question 5

Essay

Discuss the requirement of consideration and its role and value in the formation of contracts.In your answer,make sure to deal with the issue of fairness in the bargaining process.

---

Definitions:

Feeling of Control

The perception individuals have over the ability to influence outcomes in their lives, contributing to psychological well-being.

Encounter

A meeting or experience with someone or something, especially one that is unexpected or significant.

Get Hurt

Experiencing physical pain or injury, or emotional distress as a result of an action, event, or situation.

Systematic Desensitization

A behavioral therapy technique used to reduce phobic responses or anxiety through controlled exposure to the feared object or situation paired with relaxation exercises.