Table of Contents
Types of Contracts: Consideration
Objective
- Describe the types of contracts
Deliverables
A one-page table
Step 1
Create a table.
Create a three-column table documenting terms associated with consideration in contracts. In the first column, list the terms associated with consideration in contracts such as executed, executory, concurrent, and pre-existing obligations. In the second column, describe each term associated with consideration.
Step 2
Provide examples.
Continuing in the same document you used to complete Step 1, in the third column of the table, provide an example of a situation that relates to each term associated with consideration in contracts.
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