[Leaning Right]

> Thus, a contract was created by the offer and acceptance, and Lindell has to abide by it and pay what he promised. <

There must also be “consideration”. Each side in a contract must give up an agreed-upon something. For example, I offer you $1 for a candy bar. You accept. I give up $1. You give up the candy bar. A contract.

But suppose I say that I’ll pay you $1,000 if the Mets win their next game. You offer nothing in return. Not a contract. I don’t have to pay you even if the Mets win.

I’m not a lawyer. But that’s my understanding.

[ought-six]

“There must also be ‘consideration’.”

There was: $5,000,000. The promise to pay $5,000,000 was the consideration.

Let’s say you want someone to paint your house. You promise to pay a house painter $10,000 to paint your house. He paints your house. You owe him $10,000. A signed contract is not necessary: The fact you offered to pay someone for doing something, and he did it, obligates you.

Offer...Acceptance...Consideration. Contract.