Assignment:
Question 1. Define consideration and describe the requirements of consideration.
Question 2. Define gift promise and identify whether gift promises are enforceable.
Question 3. Describe contracts that lack consideration, such as those involving illegal consideration, an illusory promise, a preexisting duty, or past consideration.
Question 4. Define accord and satisfaction of a disputed claim.
Question 5. Define and apply the equitable doctrine of promissory estoppel.
Each answer must be in 50 words, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format.