Consideration Flashcards
What legal principle does the case Thomas V Thomas (1842) set out?
Legal principle: Consideration need not be adequate but must be sufficient.
What legal principle does the case Chappell & Co V Nestle Co Ltd set out?
Legal Principle: consideration needs to be not be adequate but sufficient.
What legal principle does the case Ward V Byham set out?
Legal principle: consideration need not be adequate- services can be sufficient.
What legal principle does the case White v Bluett set out?
Legal principle: not all services are not deemed to be ‘sufficient’
What legal principle does the case Re McArdle (1951) set out
Legal principle: past consideration is not good consideration
What legal principle does the case Lampleigh V Braithwait (1615) set out?
Legal principle: past consideration is not good consideration
What legal principle does the case Tweedle V Atkinson (1861) set out?
Legal principle: consideration must move from the promisee
What legal principle does the case Colin’s V Godefroy set out?
Legal principle: performing an existing duty cannot be consideration for a new contract.
What legal principle does the case Stilk V Myrick set out?
Legal principle: performing an existing duty cannot be consideration for a new contract
What legal principle does the case Pinnel set out?
Legal principle: A promise to accept part payment of a pre-existing debt in place of the whole debt is not consideration
What legal principle does the case Foakes v Beer set out?
Legal principle: part payment is consideration when there is early repayment or something additional is given.
What legal principle does the case Central London Property Trust Ltd v High Trees House Ltd set out?
Legal principle: case authority for Promissory estoppel (when someone relies on the detriment of a promise this prevents the promisor from going back on their promise).
What legal principle does the case Currie v Misa set out?
Legal principle: sets out the definition for consideration
