You are here

Mutuality of Obligation

This lesson covers one of the fundamental components of contract formation - mutuality of obligation or commitment. Students learn why mutuality of obligation is an essential element of a contract.

Learning Outcomes

On completion of the lesson, the student will be able to:
1. Define "mutuality of obligation."
2. Explain what is meant by "illusory promise."

Lesson Completion Time

25 minutes
Access Denied
Access to CALI Lessons is restricted to people affiliated with CALI member organizations and those who have purchased individual memberships. You may register or login to run CALI Lessons.

CALI Topics

Lesson Authors

Lesson ID