Florida Guy
Elio Enthusiast
I would like to hear from some attorneys on this issue. It is my understanding that for a contract to be enforceable there must be consideration on both sides. That is each side must provide something to the other. A contract for me to give you money without your promise to provide a good or service would not be enforced by the courts. How does this fact effect our promise to purchase an Elio autocycle if they have not promised to provide one? While it is true that they have promised us a $300 discount in exchange for our "binding commitment" would this be enforced by the courts since our contract with ELIO does not NOT provide us a promise to actual get a vehicle? Attorney answers please?