Jurisdictions have varied in their attitudes towards consideration. Some case law has stated that

Jurisdictions have varied in their attitudes towards consideration. Some case law has stated that ANY consideration (“a mere peppercorn”) is sufficient, while others have heightened the requirement so that consideration must show a bargained-for exchange. From a business perspective, analyze the pros and cons of each approach. Which do you believe is the more “business friendly” approach to contract formation? Why?

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