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Consideration - Notes

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Full revisable notes for the topic of Consideration, including comprehensive case notes.

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3 Pages Partial Study Notes > 2 Years old
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Consideration - Notes
Topics this document covers:
Contract law Law Common law Private law Consideration Consideration in English law Estoppel in English law Illusory promise Contract Estoppel Hamer v. Sidway Peppercorn
This is a Partial Set of Study Notes

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Topics this document covers:
Contract law Law Common law Private law Consideration Consideration in English law Estoppel in English law Illusory promise Contract Estoppel Hamer v. Sidway Peppercorn
Sample Text:
It could be a forbearance, a promise to do something, or an act. Rules (1)Consideration must confer a benefit to a promisor or a detriment to promissee (Currie v Misa) 1. Consideration must move from the promisee. (Dunlop) 2. Consideration need not move towards the promisor, because promisee may confer a benefit to the 3rd party on request of promisor (Bolton) 3. Consideration must be something that has value in law, it need only be sufficient but no t adequate. (Chappell v Nestle) As courts refuse to ascertain what is adequate to give weight to laissez faire theory the freedom of contract between parties and economic freedom between parties. (Woolworths v Kelly per Kirby) Examples: a. Sufficient if it has special value to promisor ie promotion linked to...
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