What are the elements of consideration


Assignment task: What are the elements of consideration? Explain agreements that lack consideration. what is an accord and satisfaction; what is a release ?    Explain a covenant not to sue.  what is a Unilateral mistake; a bilateral mistake? Explain undue influence; What duress (distress). What is the statute of Frauds- writing requirements for certain contracts) Which contracts under the statute of Frauds to be put in writing? identify and explain the exception to this rule . what is an assignment; an assignee? Explain conditions precedent and conditions subsequent. Discuss the difference between delegation and probity of contract. Explain recovery which is based on quasi -contract.    what is mitigation of damages? What is the difference between specific performance and restitution ? Explain liquidated damages and incidental damages .

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