Contracts Flowchart - Consideration

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'cc( c  cccc ponsid. for A is not consid. for B.

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#  cc0 cccc Good faith supersedes K that was based on invalid claim

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"3c3 4c "cc cccc Vew consid. is required for contract mod.

"(! cc   cccc Value to a party only relevant at time of contractc

c c  c  c   c

 ccc Forbearance from a legal right at !



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Vpp   

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9cc   cccc Oromise not illusory b/c deal hinged on an objective standard & good faith

Vpp ,  : c  c   (c $/c  c6c$ -c c ( c!c c c c cc! c

c1 c.  cccc 0c# c2c Vominal consid. insufficient b/c of possible bkrptcy motives

 cc cccc pourts will not assess consid. amount, unless͙c

Vpp   V$  *c ) c$ +c

  &  .c # cc  c c&cccc cc

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' cc c&  cccc Unequal bargaining power

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:cc2!!cccc An implied duty to act in good faith can be consid.

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cc:cccc Oast actions are not consideration, unless͙

   c  c!c  c!cOerformance  ccbargained for

73 cc73 cccc pondition to receive a gift, and gratuitous promises are not consid.

2"c! c$  ! c c0c 20c ( c$  ! c6c((  c 2&  c?c % $ c c c0c c c$  ! c/c (c Unjust Enrichment)

  ',   c!c$  ! c    c ! $ cc!,c 2) c  ccc! c 2cc8 c  c 25 c(( c c$  ! c : $$cc .c@cA 8  Bc -Extreme benefit to B -Sever injury incurred, causing reliance to be in effect -Ongoing payments being made -Already being enforced for years -Oromise is in writing

&  cc  c Gifts may be unenforceable even w/o any conditions

V$ - 20c cc  c c  c $  ! c 0c c c  c c(c !c  c  c cc c3c

0 cc:  c Acting as volunteer in conferring benefit to B that B does not ask for and explicitly refuses

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