487: Listen and Learn -- Consideration (Contract Law)

Welcome back to the Law School Toolbox podcast! Today, in an episode from our "Listen and Learn" series, we're discussing an important concept from Contract Law - consideration - which is one of the three requirements of contract formation.

In this episode we discuss:

• The three requirements of contract formation
• What is consideration?
• The two ways in which consideration can be provided
• The situations in which there is never valid consideration
• Examples from previous California bar exams

Resources:

• "Listen and Learn" series (https://lawschooltoolbox.com/law-school-toolbox-podcast-substantive-law-topics/#listen-learn)
• California Bar Examination – Essay Questions and Selected Answers, July 2008 (https://nwculaw.edu/pdf/bar/July%202008%20Essays%20and%20Sample%20Answers.pdf)
• California Bar Examination – Essay Questions and Selected Answers, July 2006 (https://nwculaw.edu/pdf/bar/July%202006%20Essays%20and%20Sample%20Answers.pdf)
• California Bar Examination – Essay Questions and Selected Answers, July 2002 (https://juraxbar.com/wp-content/uploads/2016/04/July-2002-CBX.pdf)
• Podcast Episode 245: Listen and Learn – Promissory Estoppel (https://lawschooltoolbox.com/podcast-episode-245-listen-and-learn-promissory-estoppel/)
• Podcast Episode 344: Listen and Learn – Contract Formation (https://lawschooltoolbox.com/podcast-episode-344-listen-and-learn-contract-formation/)

Download the Transcript  (https://lawschooltoolbox.com/episode-487-listen-and-learn-consideration-contract-law/)

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Thanks for listening!

Alison & Lee