Consideration Flashcards
Definition
Currie v misa1915 - benefit / detriment
Dunlop v selfridge 1915 price paid for persons promise
Part payment
Gen rude when parties amend must create new
Needs same requirements
If contract less sum won’t be valid to pay less as lack of fresh consideration
A suffering detriment B not providing any benefit
Pinnels case 1602
Payment less sum can’t be satisfactory of whole
Foakes v beer 1884
Upheld pinnels
B can provide fresh consideration
Pinnels case - horse hawk robe
Something more to benefit lessor sum
PE
Central London property v high treees house 1947
If party clearly accepts lessor sum and other party relies can’t go back as equity wont allow
DC builders v reese 1966
Cheque don’t suffice
Restrictions PE
Shield not sword
Combe 1951
Defence only
Must wait till sue for balance before pleading PE
Uncertain within case law if PE terminates or suspends
Williams v Roffery bros 1991
Recently widen definition - practical benefit or avoid disbenifit
Gave hope FOAKES being overruled
Promise to pay bonus if work finished on time
Insufficient consideration
Past consideration
Pre existing public duty
Pre exiting contractual duty
Past consideration
Past consideration is no consideration
Promise made after performance is gift
Past means making of promise
Roscolra L.A. v Thomas 1842
Roscorla v Thomas 1842
Horse sound free from vice after promise made
Lampleigh v braitwait 1615
Exemption past consideration
If provide services it’s implicit paid for
Common sense
S8(2) SGA
S15 SSGA
S8(2) SGA
Reasonable price paid re any goods sold
S15 SGSA 1982
Reasonable charge for any services rendered