Consideration Flashcards
1
Q
What is consideration
A
Essential for valid contract Need for exchange price paid for promise Combe v Combe Husband and wife separated Promised to pay 100 pound a year No consideration
2
Q
Pinnels case
A
Part payment of debt does not discharge full debt
3
Q
Consideration cannot be past
A
Roscola v Thomas
Said horse was sound and wasn’t
4
Q
Consideration must move from promisee
A
Twaddle v Atkinson
Father and bridges father
One didn’t pay and died
No consideration
5
Q
Consideration must be sufficient but need not be adequate
A
Thomas v Thomas
House for 1 pound
Compare to white v bluett
Consideration vague
6
Q
Part payment of debt
A
Foakes v beer
Holds interest
Part payed not sufficent consideration
7
Q
When is consideration not sufficent
A
Performance of existing public duty Collins v Godfrey Court Ward v byham Baby