consideration

Question 1

definition

Answer 1

things both parties must put into contract
must be real and of value
(chappel v nestle)

Question 2

performance of existing duty

Answer 2

doing what you were supposed to- invalid (Myrick)
exceptions-
doing extra (ponsoby)
extra benefit(williams)

Question 3

past consideration

Answer 3

consideration is already done before agreement invalid
(remcardle)
exception-
implied promise to pay (lampleigh)

Question 4

part payment of debt

Answer 4

can still claim for rest (pinnel)
exceptions
accepting something other than money
paying on date earlier
paying at a different place