adequate consideration

Can A Promise Be Enforceable Without Consideration?

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Can A Promise Be Enforceable Without Consideration? Promissory estoppel: Under the “promissory estoppel” doctrine, a promise will be enforceable without consideration if: (1) the promisee acts or forbears in reliance on the promise and (2) this action or forbearance was reasonably foreseeable by the promisor. Is a promise made without consideration? Promissory estoppel: Under the

What Is Inadequate Consideration?

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What Is Inadequate Consideration? Inadequate consideration refers to a situation where one party argues that the value that it provided the other party is greater than the value it was provided in return. Therefore, the consideration was inadequate. … For example, past consideration is not legally sufficient consideration. What does adequate consideration mean? Adequate consideration