Flashcards
Consideration
Cards in this deck (18)
- 1Currie v Misra 1875some right, interest, profit or benefit accusing to the one party
- 2ConsiderationMust move from the promisee
Must not be past
Must be sufficient but not adquate - 3From the promiseeTweddle v Atkinson
no consideration given - 4Not pastExecutory
Executed
Past - 5Executory considerationPromises are exchanged to preform acts in the future
PIZZA - 6Executed considerationOne party performs an act in order to fulfil a promise made by the other
- 7Past considerationIsn't enforcable
i offer to pay you AFTER you've done it - 8( jordan) Mc ArdlePast consideration daughter in law had already paid before she was told she would get it back
- 9Consideration can be pastBraithwaite
- 10Consideration must be sufficient to render the promise enforceableThomas v Thomas
£1 rent - 11Stilk v MyrickNo consideration given by the sailors they were already bound to sail home
- 12Glassbrook Bros v Glasmorgan county councilA pit asked the police for extra protection then didn't pay. The police had did more than what they would have which was good consideration for the owner to pay
- 13Hartley v PonsonbyThere was good consideration as nearly half had left ( not 2) so it was more dangerous and this exceeded their contractual duty
- 14Williams v Roffey BrosGood consideration by completing the work on time and the fact Williams were already fulfilling a contractual obligation is irrelevant
- 15Part Payment of debtMay be good consideration to negotiate further
- 16Promissory estoppelCentral london property trust v high trees house
- 17P.E DEFINITIONequitable.
Makes a promise binding even without consideration (from Denning) - 18Privity of contractonly parties to a contract can acquire rights and liberties under that contract
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- . CONTRACT Flashcards on Consideration, created by w1551161 on 19/04/2016.
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