Consideration

  • Created by: RobynLord
  • Created on: 28-09-17 19:15
Each party in the contract must receive a ...
benefit
1 of 17
Each party must suffer a ...
detriment
2 of 17
Consideration must have something of ...
value
3 of 17
Consideration must not be too
vague
4 of 17
'some recognisable value'
sufficient
5 of 17
The consideration need not be ... (generous enough to be a fair bargain)
adequate
6 of 17
The courts said that £1 a year rent was sufficient
Thomas v Thomas
7 of 17
You cannot claim consideration if you have only performed a 'gratuitous promise'
past consideration
8 of 17
An act done in the past will be valid consideration if payment was ...
expected
9 of 17
In Lampleigh v Braithwait what could be exepcted to enable payment of £100
pardon
10 of 17
An existing public or contractual duty will not be considered good...
consideration
11 of 17
The 'extra' consideration must be clearly...
identifiable
12 of 17
Which 'extra' case protects the council for policy reasons?
Glasbrook v Glamorgan
13 of 17
Which 'extra' case could lead to inconsistencies as it allowed a vague term to be classed as consideration?
Ward v Byham
14 of 17
The Contract (Rights of Third Parties) Act 1999 allows the contract to be ... by a person who has no consideration
enforced
15 of 17
Part payment of debt is not consideration as there is already an ... to pay
obligation
16 of 17
... is a term which enables a party to not go back on a promise which is not supported by consideration
promissory estoppel
17 of 17

Other cards in this set

Card 2

Front

Each party must suffer a ...

Back

detriment

Card 3

Front

Consideration must have something of ...

Back

Preview of the front of card 3

Card 4

Front

Consideration must not be too

Back

Preview of the front of card 4

Card 5

Front

'some recognisable value'

Back

Preview of the front of card 5
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