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2. Consideration under American law - Wikipedia

   en.wikipedia.org/wiki/Consideration_under...

   Thus whether $1.00 is consideration does not depend on the benefit received but whether the $1.00 had actually been bargained for. In some [clarification needed] jurisdictions, contracts calling for such nominal or "peppercorn" consideration will be upheld unless a particular contract is deemed unconscionable.

3. Consideration - Wikipedia

   en.wikipedia.org/wiki/Consideration

   The primary criticism of the doctrine of consideration is that, in its present form, it is purely a formality that merely serves to complicate commerce and create legal uncertainty by opening up otherwise simple contracts to scrutiny as to whether the consideration purportedly tendered satisfies the requirements of the law.

4. California Civil Code - Wikipedia

   en.wikipedia.org/wiki/California_Civil_Code

   For example, as enacted in California, the Civil Code contains a definition of consideration, [4] a principle in the common law of contracts which has no direct equivalent in civil law systems. Similarly, it codifies the mailbox rule that communication of acceptance is effective when dropped in the mail, [ 5 ] [ 6 ] which is a feature unique to ...

5. Peppercorn (law) - Wikipedia

   en.wikipedia.org/wiki/Peppercorn_(law)

   The situation is different under contracts within civil law jurisdictions because such nominal consideration can be categorised as a disguised gift. [4] The remainder of this section is a U.S. perception, not English. However, courts will not generally inquire into the adequacy or relative value of the consideration provided by each party. [5]

6. Offer and acceptance - Wikipedia

   en.wikipedia.org/wiki/Offer_and_acceptance

   A contract will be formed (assuming the other requirements for a legally binding contract are met) when the parties give objective manifestation of an intent to form the contract. Because offer and acceptance are necessarily intertwined, in California (US), offer and acceptance are analyzed together as subelements of a single element, known ...

7. Pre-existing duty rule - Wikipedia

   en.wikipedia.org/wiki/Pre-existing_duty_rule

   Alternatively, the parties could agree not to perform part of the contract for a $500 reduction in the price. Both modifications to the original contract would be enforceable because there was consideration for each. [21] The legal duty rule protects one party when the other is trying to change the terms of the agreement unilaterally.