Andrew agreed to exchange something clearly without value to enter a contract with Milt. The contract will likely fail for lack of consideration because many courts would consider this a sham.

Question

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Consideration is a fundamental element of a contract, requiring that something of value be exchanged between the parties. If one party agrees to exchange something that is clearly without value, many courts would view this as lacking genuine consideration, rendering the contract unenforceable.

Andrew Agreed to Exchange Something Clearly Without Value to Enter