A Recital of Consideration is Not Necessary to Establish an Enforceable Contract Jan-Feb-07
All contracts must be supported by consideration. “For $1.00 in hand paid” was the traditional recital of consideration that appeared in most contracts. The modern approach is to omit the traditional recital. This new style is based on the belief that a traditional recital of consideration is ineffective, and therefore should be omitted. This approach leads to a contract that is easier to read and understand.
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