Consideration

Question 1

Deeds

Answer 1

1. Signed
2. Witnessed by third party
3. Activates by delivery

Question 2

The consideration requires both sides of an agreement to bring…

Why?

Answer 2

…Something to the bargain

This prevents X from binding them self on impulse

Reflect general assumption that you get nothing for free in the marketplace

Question 3

Dunlop Pneumatic tyre co V selfridges

Answer 3

“The promise this given for value is enforceable”

Question 4

Consideration need not be adequate but it must be SUFFICIENT

Answer 4

Courts are concerned with the. Mutuality of consideration

Courts do not enquire as to whether it is adequate

Question 5

Thomas V Thomas

Answer 5

£1 rent was recognised as a good consideration
(Despite not economically adequate)
“motive is not the same thing as consideration “

Question 6

White the Bluett

Answer 6

Court held that there was no consideration in the sons promise not to complain (had no economic value) so he had to pay the debt back.

Question 7

Chappell V nestle

Answer 7

How old that the wrappers (although of trivial economic value and ultimately thrown away by Nestlé) were part of the consideration