Why??
a. Existing obligation not good consideration because…
i. (Contractual) so parties cannot escape obligations/demand extra.
ii. (Legal) so that people carry out public duty properly.
b. Why there are so many exceptions
i. A party should get paid for doing extra.
ii. & the other party should NOT be able to escape payment.
iii. Parties should pay for an extra benefit.
c. It stops parties gaining a benefit when they have not put anything into the contract.
d. Need not to be adequate…
i. Because it is up to the two parties to make their own decision.
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