Welcome back to the Bar Exam Toolbox podcast! Today, in an episode from our "Listen and Learn" series, we're discussing an important concept from Contract Law - consideration - which is one of the three requirements of contract formation.  In this episode, we discuss: The three requirements of contract formation What is consideration? The two ways in which consideration can be provided The situations in which there is never valid consideration Examples from previous California bar exams Resources: "Listen and Learn" series (https://barexamtoolbox.com/bar-exam-toolbox-podcast-archive-by-topic/bar-exam-toolbox-podcast-explaining-individual-mee-and-california-bar-essay-questions/#listen-learn) California Bar Examination – Essay Questions and Selected Answers, July 2008 (https://nwculaw.edu/pdf/bar/July%202008%20Essays%20and%20Sample%20Answers.pdf) California Bar Examination – Essay Questions and Selected Answers, July 2006 (https://nwculaw.edu/pdf/bar/July%202006%20Essays%20and%20Sample%20Answers.pdf) California Bar Examination – Essay Questions and Selected Answers, July 2002 (https://juraxbar.com/wp-content/uploads/2016/04/July-2002-CBX.pdf) Podcast Episode 95: Listen and Learn – Promissory Estoppel (https://barexamtoolbox.com/podcast-episode-95-listen-and-learn-promissory-estoppel/) Podcast Episode 161: Listen and Learn – Contract Formation (https://barexamtoolbox.com/podcast-episode-161-listen-and-learn-contract-formation/) Download the Transcript (https://barexamtoolbox.com/episode-257-listen-and-learn-consideration-contract-law/) If you enjoy the podcast, we'd love a nice review and/or rating on Apple Podcasts (https://itunes.apple.com/us/podcast/bar-exam-toolbox-podcast-pass-bar-exam-less-stress/id1370651486) or your favorite listening app. And feel free to reach out to us directly. You can always reach us via the contact form on the Bar Exam Toolbox website (https://barexamtoolbox.com/contact-us/). Finally, if you don't want to miss anything, you can sign up for podcast updates (https://barexamtoolbox.com/get-bar-exam-toolbox-podcast-updates/)! Thanks for listening! Alison & Lee