Formation of a contract - Consideration

Question 1

Consideration need not be adequate

Answer 1

(Thomas v Thomas ) - Curts are not concerned as towhetehr either party got a good deal

Question 2

Consideration must be sufficient

Answer 2

(White v Bluett) - The consdieration must be of some value even if negligable

Question 3

Past consideration is no consideration

Answer 3

(Re McArdle) - Doing something then asking for payment after would not be consideration

Question 4

If someone asks another to do something

Answer 4

(Lampleigh v Braithwate) - There is an implication of payment

Question 5

Acceptance of part payment

Answer 5

(Pinnel case) - No consideration and (D & C v Rees)

Question 6

Part payment - Interest incurred

Answer 6

(Beer v Foakes) - Still have to pay excess interest

Question 7

Consideration must move from promisee

Answer 7

(Tweddle v Atkinson)

Question 8

Completing an existing duty

Answer 8

(Stilk v Myrick) - No consideration

Question 9

Going beyond an existing duty

Answer 9

(Hartley v Ponsonby) - Good consideration