Essential Requirements of a Contract (AQA A-Level Law): Flashcards
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Consideration definition
Consideration definition
Price paid for goods/services/promise of other party
Dunlop v Selfridge (1915) definition
Dunlop v Selfridge (1915) definition
Act/forbearance/promise as price for other's promise
Benefit and detriment in consideration
Benefit and detriment in consideration
Both parties receive benefit and suffer detriment
Sufficient consideration meaning
Sufficient consideration meaning
Must have real, tangible value that law recognises
Need not be adequate principle
Need not be adequate principle
Courts don't assess bargain quality; only if it exists
Past consideration rule
Past consideration rule
Act done before promise made is not valid consideration
Lampleigh v Braithwaite exception
Lampleigh v Braithwaite exception
Service requested with implied payment is enforceable
Consideration must move from claimant
Consideration must move from claimant
Only person providing consideration can enforce contract
Stilk v Myrick principle
Stilk v Myrick principle
Performing existing duty provides no fresh consideration
Hartley v Ponsonby exception
Hartley v Ponsonby exception
Doing extra beyond existing duty = new consideration