Contracts I


Class Info

Law School: Liberty University School of Law

Course ID: LAW 505

Term: Fall 2017

Instructor: Prof. Rice

My Grade Earned: B

Restatement Second of Contracts § 79

Adequacy of Consideration; Mutuality of Obligation

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If the requirement of consideration is met, there is no additional requirement of

  1. a gain, advantage, or benefit to the promisor or a loss, disadvantage, or detriment to the promisee; or
  2. equivalence in the values exchanged; or
  3. "mutuality of obligation."