00:01
Aaron promises to pay her friend stephanie $10 ,000 if stephanie refrains from eating any foods that contain animal products for six months.
00:09
Stephanie agrees and performs her part of the bargain and asks for the money.
00:14
Aaron refuses to pay, saying there was no valid consideration and therefore the agreement is unenforceable.
00:20
Is there an enforceable agreement or contract between aaron and stephanie? in other words, was there valid consideration? four seasons total home construction builds a home for mr.
00:31
Deadbeat.
00:31
A year after moving in, mr.
00:33
Deadbeat realizes that though the electrical wiring was all done properly and is of quality required in the building contract, four seasons total home construction used the wrong brand of wiring.
00:43
Mr.
00:43
Deadbeat sues for breach of contract or, at the least, to allow him to reduce his compensation to the construction company by the cost of having the wrong brand of wiring replaced with the correct brand.
00:54
You are a judge deciding the case.
00:56
How do you rule and why? so in this first one with aaron and stephanie, so this will be number one and number two.
01:08
In number one, a contract is an agreement that two or more parties enter into, by which one of them is expected to provide a good or service while the others are responsible for the payment.
02:25
In order to be enforceable, there must be a mutual assent, a valid offer and acceptance, consideration, capacity from both parties, and legality...