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Contract Law
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A note about option contracts

Viva Moffat

The next two cases involve what are called "option contracts." Be sure you understand what an option contract is. Then, identify the promise at issue in the cases (one of which you have seen before) and determine whether that promise is supported by consideration.

Can you explain the results in these cases? (Notice that the courts treat the consideration question as simple in both of these cases, and they do not even feel the need to explain the results.)

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