Consideration

Description

Mind Map on Consideration, created by Leanne Topping on 09/22/2013.
Leanne Topping
Mind Map by Leanne Topping, updated more than 1 year ago
Leanne Topping
Created by Leanne Topping over 11 years ago
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Resource summary

Consideration
  1. "A benefit to one party or a detriment to the other" - Currie v Misa
    1. Combe v Combe
    2. Kinds of consideration: executory, executed and past
      1. Past consideration is unenforceable - Roscorla v Thomas / Re McArdle
        1. Exception: Pao On v Lao Yiu Long / Lampleigh v Braithwaite / Re Casey's
      2. Must be distinguished from fulfillment of a condition of a contract
        1. Principles
          1. Consideration must move from the promisee
            1. Consideration need not be adequate
              1. Value may be slight / nominal
                1. Chappell Co Ltd v Nestle Co Ltd
                  1. Mountford v Scott
                2. Consideration must be sufficient
                3. Performing a duty imposed by law
                  1. Collins v Godefroy
                    1. Glassbrook v Glamorgan CC
                    2. Performing an existing contractual duty
                      1. Stilk v Myrick
                        1. Exception: Williams v Roffey Bros
                        2. Hartley v Ponsonby
                          1. Avoiding part of a debt: Rule in Pinnels's Case / Foakes v Beer
                            1. Exceptions
                              1. Promissory Estoppel
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