... is viewed as a mere supply of information or an invitation to treat, neither would create a contract between the parties at this time. 4 PART B ISSUE: Has consideration been provided? LAW: All simple contracts must have consideration present to be enforceable. APPLICATION: For an agreement to exist here it must be assumed that an offer has been made and accepted by the respective parties. In addition to this each party, as this is a simple contract, must have supplied consideration to the other party for their promise. 5 This consideration must be something of value in the eyes of the law. It need not be adequate but it must be sufficient. 6 If an agreement existed here it would have had a promise being made by Curtis to transfer title in the land to Thornton. Thornton's promise would be the payment of $50 for that land. The consideration provided by Curtis ...

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