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Message: RE: OT Contract definition SGE - Morteorles/BillWilke

RE: OT Contract definition SGE - Morteorles/BillWilke

posted on Apr 14, 2006 08:35AM
Funny you should throw that in, Moreorles. I had actually reconsidered my response to Bill, and planned to offer this modification:

A contract for the sale of goods or services must include consideration to be a valid contract.

Again, in the business world, ``consideration`` means MONEY. But ``consideration`` in this sense is not required to form a valid contract where there is no requirement for delivery of goods or services. Your point about ``I`ll do this for that`` has merit, but a contract can be formed where one party is required to do something, but the other need not do any specific thing in return.

FWIW,

SGE

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