Consideration Law Essays

The selection of Consideration Law essays below have been submitted to us by students in order to help you with your studies. Please remember to reference Parallelewelten.net if you wish to cite any of these essays in your own work.

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Doctrine of consideration

As defined by Sir Frederick Pollock, consideration is an act or forbearance of one party, or the promise thereof, is the price for which the promise

The element of consideration

The question addresses the element of consideration. Firstly, consideration is a vital component of a binding contract. Good consideration as decided in Currie v Misa (1875) is usually valuable in the eyes of law, by means of profit or benefit to one party,

Good consideration for a fresh promise

It will be highly inaccurate to state and conclude that the law has made it quite clear that the performance by contracting parties of their existing duties will not constitute good consideration for a fresh promise.

First term assignment

On Thursday 17th April, Anthony in Colchester sent a fax to Komputall Ltd in Birmingham offering to buy 500 units of HP 920 Deskjet printers from Komputall Ltds’s stock at £150 per unit and asked to be advised of the likely date of delivery.

Traditional rules of consideration

Consideration can be defined as something of value given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances which is enforceable by law.

A support a reciprocal promise

In order for a promise by A support a reciprocal promise by B sufficient consideration must be established. According to Beaton v McDivitt,

Excuse defences and justification defences

Legal defences’ falls into two categories, excuse defences and justification defences. Excuse defence is when the defendant admits to committing a criminal act but believes that he or she cannot be held responsible because there was no criminal intent.

Consideration in contract formation

Consideration is essential to the formation of any contract made without deed. It distinguishes a bargain or contract from a gift. Lush

The traditional rules of consideration

This essay will establish the traditional position by looking at case law such as Stilk v Myrick; Hartley v Ponsonby; Pinnels case and Foakes v Beer.

Outmoded or even redundant

To determine the relevance of consideration, we first need to understand the definition of consideration.

Legal relationship and consideration

To advise cara on her legal position it would be necessary to establish whether she has a binding contract with Fab Fizuque studio. A viable contract would include:

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