Explain in your own words what
the term consideration means in
contractual terms.

Horace Kushner was injured in an
accident with Vic Ling. Kushner
promises not to sue if Ling promises to
pay $1,000. Ling agrees. Is Ling legally
bound to his promise?
Yes. Giving up a legal right to do something is a
valid detriment. Ling is legally bound to his
promise.
Tammy Carson’s car runs out of gas. Ned
Grover, driving by, sees Carson and offers to
tow her car to the next service station. Carson
accepts the offer. After they reach the service
station, Carson tells Grover she will send him
a check for $25 for his kindness. Is she legally
bound to do so?
No. Normally, a promise of a gift is
unenforceable. Therefore, she is not legally
responsible for the $25.