When can a person be bound by a promise, when no consideration is passed?
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Under what circumstances, if any, should a person be bound by a promise, when no consideration is passed to form a binding contract?
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The cited solution explains with examples when there can be a binding contract with no consideration including expressed or implied contracts.
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Under what circumstances, if any, should a person be bound by a promise, when no consideration is passed to form a binding contract?
There are some circumstances when a person is bound by a promise - that is when their WORD becomes a contract (expressed or implied). Express contracts occur when arrangements are "expressed" verbally or in writing. Implied contracts occur when someone "implies" something by being in a position of ...
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