Specifically identified in the exchange between the parties

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Reference no: EM132183079

Consideration is an ancient element of contracts arising from the English Crusades during which gifts had to be given to local warlords in the middle east just for the ability to negotiate with the local leaders by the English Knights. Some courts no longer recognize the requirement as being outdated and difficult to quantify in modern transactions. Do you feel Courts should still invalidate contracts if consideration cannot be specifically identified in the exchange between the parties? Why or why not?

Reference no: EM132183079

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