This episode reviews the common law consideration. The episode discusses the rules and relevant case law necessary to understand consideration and ends with an analytical framework and strategy for discussing consideration on a law school exam.Key Takeaways:Consideration is giving up something of value in exchange for a promise.One form of consideration if giving up something you are not legally to give up, e.g. giving up alcohol if you are over 21.Consideration is required (along with offer and acceptance) to create a legally binding contract.Past acts can't support consideration.-As always, if you have any suggestions for an episode topic, please let us know!You can email [email protected] or tweet @lawtofact.-Find us on Twitter, Instagram, and Facebook!Review us on iTunes, your opinion matters!-Want to stay updated on all things Law to Fact?Join our mailing list by visiting www.LawToFact.com. 

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