D complained about not getting as much money as siblings to father. F agreed and said if he didn’t complain anymore he would discharge D of liability in a promissory note
Was this a contract? Was their valid consideration?
There must be valid consideration for a contract. Reciprocal exchange is a necessary element of consideration.
No consideration – he is not giving anything in return for something the father was giving him.
**Reciprocal exchange is necessary for consideration.
Consideration is giving up something you are able to do and there is no prohibition against it.
**If you give up a freedom that you have that does have value and should be considered consideration
**No consideration when you give up something that you aren’t legally entitled to do