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in this lesson were continuing our discussion of considerations specifically contract modifications in the pre-existing legal duty rule but before we jump into that is a quick refresher how do we go about forming a traditional enforceable contract remember we have three elements we need mutual sent between the parties consideration and no defenses to formation that would invalidate the otherwise valid contract in case youre wondering where we are in the big picture flow of our contracts analysis were still right here on formation of the traditional enforceable contract and were on the sea and my cats do sneak of course the c stands for consideration and remember we talked about consideration in our last video what is consideration its this idea that we have two requirements right we need some sort of legal value involved in a bargained for exchange again we determine if we have consideration by analyzing two elements number one this idea of legal value and number two the idea of
