Consideration Flashcards
1
Q
There must have been consideration from…
A
..both the promisor and the promised.
2
Q
‘A promise to pay, do or give something in return…
A
…for the other parties promise’ meaning both parties gain or lose someone. Meaning it cannot be a gift.
3
Q
Thomas
A
As long as the consideration has some value then it will be sufficient to support a contract (a £ is enough for a house)
4
Q
Nestle
A
A chocolate bar wrapper could amount to being sufficient consideration.
5
Q
Ward
A
Natural love and affection amount to consideration
6
Q
Re McArdle
A
Promising to pay someone for work they have already done, before the promise was made, is not sufficient consideration.
7
Q
Tweddle
A
People who are dead are not able to give consideration.
8
Q
Collins
A
If someone is acting under duty then it cannot be consideration.
