Readings and Resources eBook: Prenkert, J. D., Barnes, A. J., Perry, J. E., Hau

Readings and Resources
eBook:
Prenkert, J. D., Barnes, A. J., Perry, J. E., Haugh, T., & Stemler, A. (2022). Business law: The ethical, global, and e-commerce environment (18th ed.). New York: McGraw-Hill Education.
Chapter 12 examines the concept of consideration in greater detail. We will learn about promises that fail to meet the consideration requirement.
• Chapter 12: Consideration
In Chapter 13, we will learn about the circumstances under which a contract may be rescinded or be declared void.
• Chapter 13: Reality of Consent
Articles, Websites, and Videos:
At this link you can read an example of jury instructions regarding consideration that a judge would use to instruct a jury considering a contract claim.
• Arkansas Supreme Court committee on jury instructions-civil. (2020, February). Westlaw.
This video explains “consideration” in the context of contract law.
Watch Video
What is Consideration?
Duration: 4:36
User: The Business Professor – Added: 6/12/14
Supplemental Resources:
Follow this link to the case of Lambert v. Barron. Read the case before you post to the Discussion Board.
• Lambert v. Don Barron Contractor Inc. (2008, January 9). FindLaw.
In Unit 6 we conclude our study of contracts. This link contains additional information about the essential contract element of consideration.
• Consideration. (n.d.). Encyclopoedia Britannica.
Instructions
There are certain promises that are not considered consideration.
• As a business owner or stakeholder, how can you ensure that your contracts are enforceable?
• Think back to the Lambert case that we discussed in the Unit 5 Discussion. What should Lambert have done differently?
Regardless of whether you are an attorney arguing in court or a business stakeholder pitching to shareholders or a potential client, adding support for your argument from appropriate resources strengthens your content. For this discussion board, be sure to include a citation to an appropriate source that supports the point you are making. (HINT: Your textbook is a great source!)