Consideration

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What is Consideration?
Consideration is the price for which the promise of the other is bought
1 of 10
Thomas v Thomas & Chappel and Co v Nestle
Consideration need to not be adequate, as long as promises are exchanged
2 of 10
White v Bluett
Consideration must have some value in the eyes of the law.
3 of 10
Roscona v Thomas
Past consideration is no consideration.
4 of 10
Pao On V Lau You Long
1) The act must be done at the promisors request 2) Understood their act would be paid for 3) Must be legally enforceable
5 of 10
Collins v Godfroy
Performance of an existing legal duty imposed by law is not good consideration.
6 of 10
Hartley v Ponsonby
Performance of an existing contractual duty is not good consideration unless they are exceeding duty.
7 of 10
Williams v Roffey Brothers
Performance of an existing contractual duty is not good consideration unless conferring a contractual benefit
8 of 10
Shadwell v Shadwell
contractual duty not good consideration unless it is extending the duty
9 of 10
Williams v Williams
Performance of an existing legal duty can be good consideration provided it doesnt conflict with public interest.
10 of 10

Other cards in this set

Card 2

Front

Thomas v Thomas & Chappel and Co v Nestle

Back

Consideration need to not be adequate, as long as promises are exchanged

Card 3

Front

White v Bluett

Back

Preview of the front of card 3

Card 4

Front

Roscona v Thomas

Back

Preview of the front of card 4

Card 5

Front

Pao On V Lau You Long

Back

Preview of the front of card 5
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