Welcome back to the Bar Exam Toolbox podcast! Today, in an episode from our "Listen and Learn" series, we're discussing an important concept from Contract Law - consideration - which is one of the three requirements of contract formation.

In this episode, we discuss:

• The three requirements of contract formation
• What is consideration?
• The two ways in which consideration can be provided
• The situations in which there is never valid consideration
• Examples from previous California bar exams

Resources:

• "Listen and Learn" series (https://barexamtoolbox.com/bar-exam-toolbox-podcast-archive-by-topic/bar-exam-toolbox-podcast-explaining-individual-mee-and-california-bar-essay-questions/#listen-learn)
• California Bar Examination – Essay Questions and Selected Answers, July 2008 (https://nwculaw.edu/pdf/bar/July%202008%20Essays%20and%20Sample%20Answers.pdf)
• California Bar Examination – Essay Questions and Selected Answers, July 2006 (https://nwculaw.edu/pdf/bar/July%202006%20Essays%20and%20Sample%20Answers.pdf)
• California Bar Examination – Essay Questions and Selected Answers, July 2002 (https://juraxbar.com/wp-content/uploads/2016/04/July-2002-CBX.pdf)
• Podcast Episode 95: Listen and Learn – Promissory Estoppel (https://barexamtoolbox.com/podcast-episode-95-listen-and-learn-promissory-estoppel/)
• Podcast Episode 161: Listen and Learn – Contract Formation (https://barexamtoolbox.com/podcast-episode-161-listen-and-learn-contract-formation/)

Download the Transcript (https://barexamtoolbox.com/episode-257-listen-and-learn-consideration-contract-law/)

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Thanks for listening!

Alison & Lee