Consideration

Question 1

What must consideration be

Answer 1

Consideration must be sufficient, but need not be adequate

Question 2

Chapell v nestle co

Answer 2

Consideration must be sufficient but it need not be adequate

Question 3

Thomas v thomas

Answer 3

The value of each party’s consideration need not be equal

Question 4

Jones v padvatton

Answer 4

Giving up something of value is valid consideration

Question 5

White v Bluett

Answer 5

Consideration which has no economic value is not good consideration

Question 6

Re mardle

Answer 6

Past consideration is not good consideration

Question 7

Lampleigh v Braithwaite

Answer 7

Past consideration is good consideration where it has been provided at the promises request

Question 8

Re caseys patents

Answer 8

Past consideration is good consideration where it has been provided in a employer/employee setting

Question 9

Collins v Godfrey

Answer 9

Performing an existing legal duty is not good consideration

Question 10

Glasbrook bros v Glamgrangan

Answer 10

Going beyond the existing legal duty is good consideration

Question 11

Stilk v myrick

Answer 11

Performing an existing consideration duty is not good consideration

Question 12

Houstley v ponsoby

Answer 12

Going beyond an existing contractual duty is good

Question 13

Williams v Roffey bros

Answer 13

If performing an existing contractual duty provides practical benefits this is good consideration

Question 14

Scotson v pegg

Answer 14

Fulfilling an existing contractual duty owed to a 3rd party can amount to valid consideration for a new contract