Chapter 12

1.What is required for consideration to be legally sufficient?

2.What are some examples of contracts that lack consideration?

3.In what circumstance might a promise be enforced despite a lack of consideration?

Chapter 13

1.Does a minor have the capacity to enter into an enforceable contract?What does it mean to disaffirm a contract?

2.When does an intoxicated person have the capacity to enter into an enforceable agreement?

3.Under what circumstances will courts enforce a covenant not to compete?

4.What are the consequences of entering an illegal agreement?