Identify and discuss those contracts that are enforceable even though they are not supported by consideration.

Define consideration and explain what is meant by
legal sufficiency.
Describe illusory promises, output contracts,
requirements contracts, exclusive dealing contracts,
and conditional contracts.
Explain whether preexisting public and contractual
obligations satisfy the legal requirement of consideration.Explain the concept of bargained-for exchange and
whether this element is present with past
consideration and third-party beneficiaries.
• Identify and discuss those contracts that are
enforceable even though they are not supported by
consideration.