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Define and discuss the concept of consideration

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At page 199, your textbook states: "As a general rule, an agreement without consideration will not be an enforceable contract, because consideration is so important as the binding element within a contractual relationship." Research and explain why this is so. In so doing, define and discuss the concept of consideration, including within your discussion the distinction between adequacy of consideration and sufficiency of consideration.

Page 199 is attached so this short assignment can be complete. Please include at least 2 references in APA format. Total length should run at least 250 words or until the question is fully answered. Please do not plagiarize. 

Attachment:- Page 199.pdf

Reference no: EM131003735

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