is the agreement or the exchange of promises between the parties arise rights and obligations for the partiesconsideration (reciprocal) nail Marissa and characteristics; is something of value that the side dropped out in order to achieve the purpose of loi ich tu phia ben kiathe classification consists of two categories: executed consideration (promise of the party was launched and made immediately) and executory consideration (promise of the party put out but the contract will make in the future)Both executed and executory consideration are provided at the time when the promise is givenDefinition: anything which has already been done before a promise in return is given
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