1. A contract is not enforceable unless it is supported by valid consideration. Not surprisingly the issue of consideration arises in two general areas of scenarios: when two parties are considering entering into a contract and when one of the parties is trying to get out of obligations: one party argues that there is a binding contract, while the other argues that there is no binding contract, due to a lack of consideration. You are the Chief Contact Risk Manager of Turbines, Inc.. a manufacturer which enters thousands of contracts each year—e.g., contracts with suppliers, customers, employees, and lenders.
2. Questions 
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4. The board of directors has asked you to: 
5. Identify three factual contexts (scenarios) in which the issue of consideration is likely to play an important role. 
6. Explain why you chose those three scenarios:
7. Describe at least one policy and procedure to assure that the company's agreements have valid consideration.