Conditional Gifts | Contract Law| Consideration

This contracts lesson covers conditional gifts, explaining how they square with the doctrine of consideration and idea of bargain for exchange. I have more lessons on the way that will address other rules related to consideration, including past consideration, adequacy of consideration, and the preexisting duty rule. Chapters 00:00 - Introduction 00:30 - Part One- A Look Back at Promises and Consideration Basics 03:48 - Consideration Chart 04:39 - Two Kinds of Detriments - Return Promise and Return Performance 0:7:23 - Example One - Reviewing Consideration Basics 11:46 - Part Two - Understanding Conditional Gifts 11:56 - Definition and Elements of a Conditional Gift 13:18 - Element One - Promisor Intends to Give a Gift 16:09 - Element Two- Gift Conditioned on Occurrence of an Event 17:47 - Examples of Possible Events that May Serve as Conditions 20:57 - Example Two - Conditional Gift of Movie Tickets 27:07 - Part Three - Distinct Nature of Conditional Gifts 28:04 - Distinction One - Detriment Not Bargained For 30:11 - Distinction Two - Still Gratuitous Despite Condition 31:52 - Conclusion FREE! flashcards for this lesson are available at https://docs.google.com/presentation/... To use the flashcards, click the "Slideshow" button in the upper, righthand corner of Google Slides. If you found this lesson helpful, be sure to like and subscribe and tell others about Law Simply Explained.