Welcome back to the Law School 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://lawschooltoolbox.com/law-school-toolbox-podcast-substantive-law-topics/#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 245: Listen and Learn – Promissory Estoppel (https://lawschooltoolbox.com/podcast-episode-245-listen-and-learn-promissory-estoppel/)
• Podcast Episode 344: Listen and Learn – Contract Formation (https://lawschooltoolbox.com/podcast-episode-344-listen-and-learn-contract-formation/)

Download the Transcript (https://lawschooltoolbox.com/episode-487-listen-and-learn-consideration-contract-law/)

If you enjoy the podcast, we'd love a nice review and/or rating on Apple Podcasts (https://itunes.apple.com/us/podcast/law-school-toolbox-podcast/id1027603976) or your favorite listening app. And feel free to reach out to us directly. You can always reach us via the contact form on the Law School Toolbox website (http://lawschooltoolbox.com/contact). If you're concerned about the bar exam, check out our sister site, the Bar Exam Toolbox (http://barexamtoolbox.com/). You can also sign up for our weekly podcast newsletter (https://lawschooltoolbox.com/get-law-school-podcast-updates/) to make sure you never miss an episode!

Thanks for listening!

Alison & Lee