Legal Articles

Consideration, Contractual Illegality

A valid contract requires consideration. Consideration “may consist of some right, interest, profit or benefit accruing to one party, or some forbearance, loss of responsibility given, suffered or undertaken by the other.” Charles F. Curry and Company v. Hedrick, 378 S.W.2d 522, 522 (Mo. 1964). Any contract premised upon a violation of law or illegality…

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