Knowledge

Consideration

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1123:), and allows the employee to resign for any reason. There are no duties of continued employment in the future. Therefore, when an employee demands a raise, there is no issue with consideration because the employee has no legal duty to continue working. Similarly, when an employer demands a pay-cut, there is also no contractual issue with consideration, because the employer has no legal duty to continue employing the worker. However, certain states require additional consideration other than the prospect of continued employment, to enforce terms demanded later by the employer, in particular, non-competition clauses. 1135:
he asks the uncle to pay up, and this time, in the subsequent lawsuit, the nephew may win. Although the promise of not drinking alcohol and gambling while under the age of 21 was not valuable consideration (it was already legally prohibited), most states allow smoking by age 18 and swearing is not illegal at any age. Even though smoking is legally restricted until age 18, it is legal for those above 18, and thus the promise to forbear from it entirely has legal value. However, the uncle would still be relieved from the liability if his nephew drank alcohol, even though
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rendered to him earlier. When consideration is given simultaneously with promise, it is said to be present consideration. For example, A receives Rs.50/- in return for which he promises to deliver certain goods to B. The money A receives is the present consideration. When consideration to one party to other is to pass subsequently to the maker of the contract, is said to be future consideration. For example. A promises to deliver certain goods to B after a week. B promises to pay the price after a fortnight, such consideration is future.
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another $ 50,000, and no one else can produce it. If I do not produce your movie in that year, then you're free to go." If the two subsequently get into a dispute, the issue of whether a contract exists is answered. B had an option contract—he could decide to produce the script, or not. B's consideration passed was the $ 5,000 down, and the possibility of $ 50,000. A's consideration passed was the exclusive rights to the movie script for at least one year.
49: 1000:, which had grown up in medieval times and remained the normal action for breach of a simple contract in England and Wales until 1884 when the old forms of action were abolished; secondly, the notion of agreement between two or more parties as being the essential legal and moral foundation of contract in all legal systems, was promoted by the 18th-century French writer Pothier in his 1195:. Since there is no guarantee that A would win against B if it went to court, A may agree to drop the case if B pays the $ 5,000 compensatory damages. This is sufficient consideration, since B's consideration is a guaranteed recovery, and A's consideration is that B only has to pay $ 5,000, instead of $ 8,000. 1014:
systems take the approach that an exchange of promises, or a concurrence of wills alone, rather than an exchange in valuable rights is the correct basis. So if A promises to give B a book and B accepts the offer without giving anything in return, B would have a legal right to the book and A could not
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similarly does not require consideration for a contract to be valid, thereby excluding the doctrine with regard to contracts covered by the convention even in common law jurisdictions where it would otherwise apply. Consequently, the continued existence of the doctrine in common law jurisdictions is
1203:
The primary criticism of the doctrine of consideration is that, in its present form, it is purely a formality that merely serves to complicate commerce and create legal uncertainty by opening up otherwise simple contracts to scrutiny as to whether the consideration purportedly tendered satisfies the
1147:
Generally, past consideration is not a valid consideration and has no legal value. Past consideration is consideration that has already flowed from the promisee to the promisor. That is, the promisee's act or forbearance predates the promisor's promise. Past consideration therefore cannot be used as
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The same applies if the consideration is a performance for which the parties had previously contracted. For example, A agrees to paint B's house for $ 500, but halfway through the job A tells B that he will not finish unless B increases the payment to $ 750. If B agrees, and A then finishes the job,
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it is a prerequisite that both parties offer consideration before a contract can be thought of as binding. The doctrine of consideration is irrelevant in many jurisdictions, although contemporary commercial litigant relations have held the relationship between a promise and a deed is a reflection of
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Consider the uncle's situation above. If the same uncle had instead told his 13-year-old nephew the following offer: "if you do not smoke cigarettes, do not drink alcohol, swear or play cards for money (gamble) before your 21st birthday, then I will pay you $ 5,000". On the nephew's 21st birthday,
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For instance, if A offers B $ 200 to buy B's mansion, luxury sports car, and private jet, there is still consideration on both sides. A's consideration is $ 200, and B's consideration is the mansion, car, and jet. Courts in the United States generally leave parties to their own contracts and do not
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It must move at the desire of the promisor. An act constituting consideration must have been done at the desire or request of the promisor. If it is done at the instance of a third party or without the desire of the promisor, it will not be good consideration. For example, A saves B's goods from a
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which continues in force in Pakistan, Bangladesh, and India (the most populous common law jurisdiction) provides that valid consideration exists "when at the desire of the promisor, the promisee or any other person has done or abstained from doing, or does or abstains from doing, or promises to do
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in painting his own house in a colour other than white, and B's consideration to A is $ 500 per year. Conversely, if A signs a contract to buy a car from B for $ 0, B's consideration is still the car, but A is giving no consideration, and so there is no valid contract. However, if B still gives the
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to the other party. As a result, contracts in the United States have sometimes have had one party pass nominal amounts of consideration, typically citing $ 1. Thus, licensing contracts that do not involve any money at all often cite as consideration, "for the sum of $ 1 and other good and valuable
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The prime example of this sub-issue is where an uncle gives his thirteen-year-old nephew (a resident of the state of New York) the following offer: "if you do not smoke cigarettes or drink alcohol until your 18th birthday, then I will pay you $ 5,000". On the nephew's 18th birthday, he tells the
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Consideration may be past, present or future. Past consideration is not consideration according to English law. However it is a consideration as per Indian law. Example of past consideration is, A renders some service to B at latter's desire. After a month B promises to compensate A for service
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declared consideration to be a "Right, Interest, Profit, Benefit, or Forbearance, Detriment, Loss, Responsibility". Thus, consideration is a promise of something of value given by a promissor in exchange for something of value given by a promisee; and typically the thing of value is goods,
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However, some courts in the United States may take issue with nominal consideration, or consideration with virtually no value. Some courts have since thought this was a sham. Since contract disputes are typically resolved in state court, some state courts have found that merely providing $ 1 to
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An agreement which tends to be injurious to the public or against the public good is void. For example, agreements of trading with a foreign enemy, agreement to commit a crime, agreements which interfere with the administration of justice, agreements which interfere with the course of justice,
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If the object or the consideration of an agreement is for doing an act forbidden by law, the agreement is void. for example, A promises B to obtain employment in public service and B promises to pay Rs one lakh to A. The agreement is void as procuring a government job through unlawful means is
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Suppose A is a movie script writer and B runs a movie production company. A says to B, "buy my script." B says "How about this – I will pay you $ 5,000 so that you do not let anyone else produce your movie until one year from now. If I do produce your movie in that year, then I will give you
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An exception to this rule is where there is a duty owed to a third party. An act done before the giving of a promise to make a payment or to confer some other benefit can sometimes be consideration for the promise. For this to hold, three conditions must be satisfied (Pao On v Lau Yiu Long ):
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Generally, courts do not inquire whether the deal between two parties was monetarily fair—merely that each party passed some legal obligation or duty to the other party. The dispositive issue is the presence of consideration, not the adequacy of the consideration. The values between
1981:
2 All ER 701 in which the wrappers from three chocolate bars was held to be part of the consideration for the sale and purchase of a musical recording – although those referencing this case appear to ignore the significance of the three wrappers in relation to Nestle's marketing
803:. Anything of value promised by one party to the other when making a contract can be treated as "consideration": for example, if A contracts to buy a car from B for $ 5,000, A's consideration is the promise of $ 5,000, and B's consideration is the promise of the car. 906:
Consideration may move from the promisee or any other person. Under Indian law, consideration may be from the promisee of any other person i.e., even a stranger. This means that as long as there is consideration for the promisee, it is immaterial who has furnished
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Consideration must be real. Consideration must be real, competent and having some value in the eyes of law. For example, A promises to restore life to B's dead wife, if B pays him Rs.1000/—. A's promise is physically impossible to perform, hence there is no real
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For example, A borrows Rs.100/— from B and executes a bond to work for B without pay for a period of 2 years. In case of default, A owes the principal sum at once and a huge amount of interest. This contract was held void as it involved injury to the
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uncle to pay up, and the uncle does not pay. In the subsequent lawsuit, the uncle wins, because the nephew, by U.S. criminal law, already had a duty to refrain from smoking cigarettes while under 18 and from drinking alcohol while under age 21.
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Additionally, if A signs a contract with B such that A will paint B's house for $ 500, A's consideration is the service of painting B's house, and B's consideration is $ 500 paid to A. Further if A signs a contract with B such that A will
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The reason that both exist in common law jurisdictions is thought by leading scholars to be the result of the combining by 19th-century judges of two distinct threads: first the consideration requirement was at the heart of the action of
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Consideration must be something which the promisor is not already bound to do. A promise to do something what one is already bound to do, either by law, is not a good consideration, since it adds nothing to the previous existing legal
1991: 1088:
has a legal duty to provide money, an object, a service, or a forbearance, does not provide consideration when promising merely to uphold that duty. That legal duty can arise from law, or obligation under a previous contract.
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Systems based on Roman law (including Germany and Scotland) do not require consideration, and some commentators consider it unnecessary and have suggested that the doctrine of consideration should be abandoned, and
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repaint his own house in any other colour than white, and B will pay A $ 500 per year to keep this deal up, there is also a consideration. Although A did not promise to affirmatively do anything, A did promise
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requirements of the law. While the purpose of the doctrine was ostensibly to protect parties seeking to void oppressive contracts, this is currently accomplished through the use of a sophisticated variety of
1704:"Contract opposed to public policy can be repudiated by the court of law even if that contract is beneficial for all of the parties to the contract. What considerations and objects are lawful and what not – 1359:
For instance, some may assert that agreeing to sell a car for a penny may constitute a binding contract – although there are no cited cases of such trivial compensation being recognised by the court as
1108:. If a creditor has a credit against a debtor for $ 10,000, and offers to settle it for $ 5,000, it is still binding, if accepted, even though the debtor had a legal duty to repay the entire $ 10,000. 1231: 310: 1070:
another is not a sufficiently legal duty, and therefore no legal consideration passes in these kinds of deals, and consequently, no contract is formed. However, this is a minority position.
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consideration, i.e. consideration that is trivial but still satisfies the requirements of law, although texts and commentators making such assertions do have a credible basis for doing so.
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for entering into a contractual obligation. An agreement must be supported by a lawful consideration on both sides. Under the act, valid consideration must satisfy the following criteria:
1247:-sponsored proposal to both unite and codify English and Scots Law, proposed the abolition of consideration. Some commentators have suggested that consideration be replaced by 1004:, much read (especially after translation into English in 1805) by English judges and jurists. The latter chimed well with the fashionable will theories of the time, especially 1758: 315: 971:
The most noticeable distinction between the English and Indian criteria for consideration is that English law prohibits past consideration while Indian law does not.
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as a basis for contracts. However, any change to the doctrine of consideration in the jurisdictions in which it exists would need to implemented by legislation.
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This deals with two categories. One is agreements restraining enforcement of rights and the other deals with agreements curtailing the period of limitation.
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3 Historically restricted in common law jurisdictions but generally accepted elsewhere; availability varies between contemporary common law jurisdictions
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consideration is valueless, because it was paired with something of legal value; therefore, adherence to the entire, collective agreement is necessary.
529: 1594: 578: 1008:'s influential ideas on free will, and got grafted on to the traditional common law requirement for consideration to ground an action in assumpsit. 1461: 1227: 703: 270: 1872: 1208:
available to the party seeking to void a contract. In practice, the doctrine of consideration has resulted in a phenomenon similar to that of
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B still only needs to pay A the $ 500 originally agreed to, because A was already contractually obligated to paint the house for that amount.
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Moral consideration is not sufficient (except for contracts by deed, where "love and affection" is often cited as the consideration).
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to something given. So long as consideration exists, the courts are not concerned as to adequacy, provided it is for some value.
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to satisfy requirements while in actual fact circumventing them in practice. Typically, this is often described in the form of
748: 1977: 721: 1230:
on the grounds that it yields uncertainty and unnecessary litigation, thereby hindering international trade. Similarly, the
1131:
Contracts where a legally valueless term is bundled with a term that does have legal value are still generally enforceable.
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allows the employer to terminate the employee for good or even no reason (as long as the reason, if any, is not explicitly
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the nature of contractual considerations. If there is no element of consideration found, there is thus no contract formed.
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The parties must have understood the act was to be remunerated either by a payment or the conferment of some other benefit
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The consideration involves involuntary labour or otherwise infringes upon the personal liberty of a party to the contract
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Consideration may be thought of as the concept of value offered and accepted by people or organisations entering into
1904: 1265: 988:, rather than judicial development, has been touted as the only way to remove this entrenched common law doctrine. 334: 298: 1430: 1260: 841:
However, even if a court decides there is no contract, there might be a possible recovery under the doctrines of
327: 31: 1873:"Supreme Court of Texas (1464-EIGHT, LTD. & MILLIS MANAGEMENT CORP, v. GAIL ANN JOPPICH See section III)" 1664: 1350:
Agreements which unduly restrict the personal liberty of parties to it are void as contrary to public policy.
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Agreements for sale or transfer of public offices and title or for procurement of a public recognition like
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famously stated that "The doctrine of consideration is too firmly fixed to be overthrown by a side-wind".
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to do something that he was allowed to do, and so A did pass consideration. A's consideration to B is the
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There are a number of common issues as to whether consideration exists in a contract. Under English law:
78: 821:
title to the car to A, then B cannot take the car back, since, while it may not be a valid contract, it
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famously stated, "The doctrine of consideration is too firmly fixed to be overthrown by a side-wind."
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Payment/conferment of the benefit must have been legally enforceable had it been promised in advance
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money, or an act. Forbearance to act, such as an adult promising to refrain from smoking, is
734: 710: 573: 141: 1851: 1188: 1021: 601: 438: 288: 167: 73: 68: 2022: 1815: 526:(also implied covenant of good faith and fair dealing or duty to negotiate in good faith) 8: 933:
Additionally, under the Indian Contract Act 1872, any consideration is invalid if it is:
357: 248: 113: 93: 1920: 1650: 1496: 1271: 1217: 1213: 1116: 1112: 1061: 926: 852: 720:, and Canadian jurisprudence in both Québec and the common law provinces pertaining to 643: 606: 448: 420: 386: 279: 264: 258: 232: 1964: 1678: 1552: 1058:
intervene. The old English rule of consideration questioned whether a party gave the
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that provides for the creation of legal obligations if a party has given another an
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It is fraudulent, or involves or implies injury to the person or property of another
1771: 1486:, 9 App Cas 605, (1883-84) LR 9 App Cas 605, (1884) 9 App Cas 605 (16 May 1884) 1483: 1447: 1192: 1005: 958:
The consideration conveyed by at least one side seeks to restrain legal proceedings
523: 410: 405: 367: 362: 205: 188: 946:
It is of such nature that, if permitted, it would defeat the provisions of any law
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Consideration must be an act, abstinence or forbearance or a returned promise.
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or abstain from doing something" or, in other words, when each party receives
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Consideration must not be past. Past consideration is not good consideration.
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A History of the Common Law of Contract: The Rise of the Action of Assumpsit
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etc. for monetary consideration is unlawful, being opposed to public policy.
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fire without B asking him to do so; A cannot demand payment for his service.
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Consideration must move from the promisee but need not flow to the promisor.
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United Nations Convention on Contracts for the International Sale of Goods
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consideration passed by each party to a contract need not be comparable.
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The consideration includes a marriage or a pecuniary inducement to marry.
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Newar Marble Industries Pvt. Ltd. Vs. Rajasthan State Electricity Board
1338: 834: 826: 768: 696: 679: 98: 1431:
Agreement, Mistake, and Objectivity in the Bargain Theory of Conflict
1209: 997: 647: 322: 48: 1029:, is increasingly used to create obligations during pre-contractual 1248: 1224: 1026: 981: 800: 779:). The concept has been adopted by other common law jurisdictions. 477: 372: 40: 1166: 443: 1770:
For a detailed and authoritative account of this process, see
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Generally, conditional consideration is valid consideration.
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change her mind about giving it to B as a gift. However, in
1759:
Central London Property Trust Ltd. v. High Trees House Ltd.
1223:
The doctrine of consideration is expressly rejected by the
1184: 776: 633: 873:
Consideration must be sufficient but need not be adequate.
885:
Performance of existing duties is not good consideration.
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Central London Property Trust Ltd v High Trees House Ltd
1992:
Uniform Principles of International Commercial Contracts
1542:
QB 705 (aka North Ocean Shipping v Hyundai Construction)
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in Islamic contracts, whereby parties to a contract use
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both in Québec and in the country's common law provinces
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Consideration need not be adequate. Consideration need
984:
used to replace it as a basis for contracts. However,
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Andrew Hennessey v Architectus Group Holdings Pty Ltd
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The act must have been done at the promisor's request
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It involves injury to a person or property of another
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e.g. P.S. Atiyah, 'Consideration: A Restatement' in
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e.g. P.S. Atiyah, 'Consideration: A Restatement' in
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7 Specific to civil law jurisdictions, the American
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Australian Woollen Mills Pty Ltd v The Commonwealth
1270:Consideration is not required for a contract under 961:
The consideration includes public offices or titles
1048: 530:Contract A and Contract B in Canadian contract law 1841: 1041:and the other has relied on the assurance to his 2041: 1228:Principles of International Commercial Contracts 685:2 Specific to civil and mixed law jurisdictions 1949:Hamer v Sidway |parallelcite=(1891) 124 NY 538 1167:Option contracts and conditional consideration 974: 796:if one is thereby surrendering a legal right. 742: 1708:, Jaipur, 1993 Cr. L.J. 1191 at 1197, 1198 " 1073: 775:but not for special contracts (contracts by 1803: 722:contractual and pre-contractual negotiation 2010: 749: 735: 1115:depend largely on state law. Generally, 1473: 1471: 1811:Waltons Stores (Interstate) Ltd v Maher 867:Part payment is not good consideration. 14: 2042: 1978:Chappell & Co Ltd v. Nestle Co Ltd 518:Duty of honest contractual performance 27:Concept in the common law of contracts 2007:(1986) p.195, Oxford University Press 1749:(1986) p.195, Oxford University Press 1468: 1142: 706:of International Commercial Contracts 1100:An exception to this rule holds for 859:Legal rules regarding consideration 695:and other civil codes based on the 24: 25: 2066: 1178: 927:not necessarily be equal in value 876:Consideration cannot be illusory. 1921:[1809] EWHC J58 (KB) 1266:Consideration under American law 1126: 1111:Pre-existing duties relating to 520:(or doctrine of abuse of rights) 335:Enforcement of foreign judgments 299:Hague Choice of Court Convention 47: 1997: 1985: 1970: 1953: 1942: 1926: 1910: 1890: 1865: 1829: 1785: 1764: 1752: 1739: 1723: 1711: 1698: 1685: 1671: 1657: 1643: 1629: 1615: 1612:(aka Stewart v Casey) 1 Ch 104 1601: 1587: 1573: 1559: 1545: 1531: 1517: 1363: 1353: 1344: 1327: 1318: 1304: 1294: 1284: 1261:Consideration under English law 1148:a basis when claiming damages. 1049:Monetary value of consideration 2055:Legal doctrines and principles 1503: 1489: 1454: 1440: 1423: 1411: 1399: 1387: 1187:against A, causing $ 5,000 in 328:Singapore Mediation Convention 32:Consideration (disambiguation) 13: 1: 1665:Glasbrook Bros v Glamorgan CC 1435:William & Mary Law Review 1380: 1205: 702:5 Explicitly rejected by the 469:Quasi-contractual obligations 2023:[2007] EWCA Civ 1329 1235:controversial. Scots lawyer 1198: 943:Courts regards it as immoral 847:(sometimes referred to as a 7: 1254: 975:History and comparative law 10: 2071: 1077: 340:Hague Judgments Convention 29: 1901:[2010] NSWSC 1390 1313:maintenance and champerty 1074:Pre-existing legal duties 891:Indian Contract Act, 1872 691:4 Specific to the German 1693:Indian Contract Act 1872 1277: 396:Anticipatory repudiation 146:unequal bargaining power 1965:[1842] EWHC J74 1780:Oxford University Press 1720:, accessed 15 July 2017 1718:German Civil Code § 311 1581:Lampleigh v Braithwaite 1106:accord and satisfaction 771:and is a necessity for 718:Uniform Commercial Code 693:Bürgerliches Gesetzbuch 378:Third-party beneficiary 350:Rights of third parties 228:Accord and satisfaction 1500:, (1861) 1 B&S 393 1311:stifling prosecution, 1080:Pre-existing duty rule 1002:Traite des Obligations 449:Liquidated, stipulated 294:Forum selection clause 179:Frustration of purpose 1923:, (1809) 170 ER 1168. 1852:[1954] HCA 20 1623:Pao On v Lau Yiu Long 1598:(1863) 13 CB (NS) 677 1484:[1884] UKHL 1 711:Canadian contract law 79:Abstraction principle 2033:(England and Wales). 1967:, (1842) 114 ER 496. 1907:(NSW, Australia) 1816:[1988] HCA 7 1793:Austotel v Franklins 1654:(1857) 7 E&B 872 1511:De la Bere v Pearson 1451:(1602) 5 Co Rep 117a 1429:Bronaugh R. (1976). 1371:Lord Justice Denning 1189:compensatory damages 1183:Suppose B commits a 1022:culpa in contrahendo 990:Lord Justice Denning 540:Related areas of law 439:Specific performance 289:Choice of law clause 254:Contract of adhesion 168:Culpa in contrahendo 74:Meeting of the minds 69:Offer and acceptance 30:For other uses, see 1396:(1875) LR 10 Ex 893 896:something in return 853:promissory estoppel 704:UNIDROIT Principles 478:Promissory estoppel 358:Privity of contract 311:New York Convention 271:UNIDROIT Principles 114:Collateral contract 109:Implication-in-fact 94:Invitation to treat 18:Consideration (law) 2005:Essays on Contract 1747:Essays on Contract 1651:Hartley v Ponsonby 1640:(1809), 2 Camp 317 1609:Re Casey's Patents 1539:The Atlantic Baron 1525:Chappell v Nestlés 1497:Tweddle v Atkinson 1272:Scots contract law 1143:Past consideration 1117:at-will employment 1113:at-will employment 1035:equitable doctrine 1017:common law systems 952:It is contrary to 524:Duty of good faith 421:Fundamental breach 387:Breach of contract 316:UNCITRAL Model Law 280:Dispute resolution 265:Contra proferentem 259:Integration clause 233:Exculpatory clause 1961:Roscorla v Thomas 1679:Williams v Roffey 1553:Roscorla v Thomas 1033:. Estoppel is an 759: 758: 602:England and Wales 510:Duties of parties 501:Negotiorum gestio 490:Unjust enrichment 211:Statute of frauds 160:Unconscionability 132:Misrepresentation 89:Mirror image rule 16:(Redirected from 2062: 2034: 2014: 2008: 2001: 1995: 1989: 1983: 1974: 1968: 1957: 1951: 1946: 1940: 1930: 1924: 1914: 1908: 1894: 1888: 1887: 1885: 1884: 1875:. Archived from 1869: 1863: 1845: 1839: 1833: 1827: 1807: 1801: 1789: 1783: 1782:: Oxford, 1975). 1772:A. W. B. Simpson 1768: 1762: 1756: 1750: 1743: 1737: 1727: 1721: 1715: 1709: 1702: 1696: 1689: 1683: 1675: 1669: 1661: 1655: 1647: 1641: 1633: 1627: 1619: 1613: 1605: 1599: 1591: 1585: 1577: 1571: 1563: 1557: 1549: 1543: 1535: 1529: 1521: 1515: 1507: 1501: 1493: 1487: 1475: 1466: 1465:(1854) 5 HLC 185 1458: 1452: 1444: 1438: 1427: 1421: 1415: 1409: 1408:(1846) 2 CB 548 1403: 1397: 1391: 1374: 1367: 1361: 1357: 1351: 1348: 1342: 1331: 1325: 1322: 1316: 1308: 1302: 1298: 1292: 1288: 1193:punitive damages 1066:consideration." 1006:John Stuart Mill 937:Forbidden by law 773:simple contracts 764:is a concept of 751: 744: 737: 579:China (mainland) 548:Conflict of laws 411:Efficient breach 406:Exclusion clause 206:Illusory promise 189:Impracticability 51: 37: 36: 21: 2070: 2069: 2065: 2064: 2063: 2061: 2060: 2059: 2040: 2039: 2038: 2037: 2031:Court of Appeal 2015: 2011: 2002: 1998: 1990: 1986: 1975: 1971: 1958: 1954: 1947: 1943: 1933:Wigan v Edwards 1931: 1927: 1915: 1911: 1895: 1891: 1882: 1880: 1871: 1870: 1866: 1846: 1842: 1836:Thomas v Thomas 1834: 1830: 1808: 1804: 1790: 1786: 1769: 1765: 1757: 1753: 1744: 1740: 1731:Harvey McGregor 1728: 1724: 1716: 1712: 1703: 1699: 1690: 1686: 1676: 1672: 1662: 1658: 1648: 1644: 1634: 1630: 1620: 1616: 1606: 1602: 1595:Kennedy v Broun 1592: 1588: 1578: 1574: 1564: 1560: 1556:(1842) 3 QB 234 1550: 1546: 1536: 1532: 1522: 1518: 1508: 1504: 1494: 1490: 1476: 1469: 1459: 1455: 1445: 1441: 1428: 1424: 1420:(1853) 2 WR 75 1416: 1412: 1404: 1400: 1392: 1388: 1383: 1378: 1377: 1368: 1364: 1358: 1354: 1349: 1345: 1335:Padma Vibhushan 1332: 1328: 1323: 1319: 1309: 1305: 1299: 1295: 1289: 1285: 1280: 1257: 1237:Harvey McGregor 1201: 1191:and $ 3,000 in 1181: 1169: 1145: 1129: 1082: 1076: 1051: 1019:the concept of 977: 889:Meanwhile, the 861: 832: 755: 726: 598:United Kingdom 561:By jurisdiction 35: 28: 23: 22: 15: 12: 11: 5: 2068: 2058: 2057: 2052: 2036: 2035: 2009: 1996: 1984: 1969: 1952: 1941: 1925: 1917:Stilk v Myrick 1909: 1889: 1864: 1840: 1828: 1802: 1784: 1763: 1751: 1738: 1722: 1710: 1697: 1684: 1670: 1656: 1642: 1637:Stilk v Myrick 1628: 1614: 1600: 1586: 1584:(1615) Hob 105 1572: 1558: 1544: 1530: 1516: 1502: 1488: 1467: 1462:Jorden v Money 1453: 1439: 1422: 1418:White v Bluett 1410: 1398: 1385: 1384: 1382: 1379: 1376: 1375: 1362: 1352: 1343: 1326: 1317: 1303: 1293: 1282: 1281: 1279: 1276: 1275: 1274: 1268: 1263: 1256: 1253: 1245:Law Commission 1214:technicalities 1200: 1197: 1180: 1179:In settlements 1177: 1168: 1165: 1164: 1163: 1160: 1157: 1144: 1141: 1128: 1125: 1078:Main article: 1075: 1072: 1050: 1047: 976: 973: 969: 968: 965: 962: 959: 956: 950: 947: 944: 941: 938: 931: 930: 923: 922:consideration. 919: 918:consideration. 915: 911: 908: 904: 887: 886: 883: 880: 877: 874: 871: 868: 860: 857: 849:quasi-contract 844:quantum meruit 795: 757: 756: 754: 753: 746: 739: 731: 728: 727: 725: 724: 714: 709:6 Specific to 707: 700: 689: 686: 683: 678:1 Specific to 675: 672: 671: 667: 666: 665: 664: 659: 654: 641: 636: 628: 627: 619: 618: 617: 616: 611: 610: 609: 604: 596: 591: 586: 581: 576: 571: 563: 562: 558: 557: 556: 555: 553:Commercial law 550: 542: 541: 537: 536: 535: 534: 533: 532: 521: 512: 511: 507: 506: 505: 504: 497: 492: 487: 484:Quantum meruit 480: 472: 471: 465: 464: 463: 462: 457: 456: 455: 441: 433: 432: 426: 425: 424: 423: 418: 413: 408: 403: 398: 390: 389: 383: 382: 381: 380: 375: 370: 365: 360: 352: 351: 347: 346: 345: 344: 343: 342: 332: 331: 330: 320: 319: 318: 313: 303: 302: 301: 291: 283: 282: 276: 275: 274: 273: 268: 261: 256: 251: 249:Parol evidence 243: 242: 241:Interpretation 238: 237: 236: 235: 230: 225: 220: 217:Non est factum 213: 208: 203: 198: 193: 192: 191: 186: 181: 171: 164: 163: 162: 148: 139: 134: 126: 125: 119: 118: 117: 116: 111: 106: 101: 96: 91: 86: 81: 76: 71: 66: 58: 57: 53: 52: 44: 43: 26: 9: 6: 4: 3: 2: 2067: 2056: 2053: 2051: 2048: 2047: 2045: 2032: 2028: 2024: 2020: 2019: 2013: 2006: 2000: 1993: 1988: 1980: 1979: 1973: 1966: 1962: 1956: 1950: 1945: 1938: 1934: 1929: 1922: 1918: 1913: 1906: 1905:Supreme Court 1902: 1898: 1893: 1879:on 2013-06-16 1878: 1874: 1868: 1861: 1857: 1853: 1849: 1844: 1837: 1832: 1825: 1821: 1818:, (1988) 164 1817: 1813: 1812: 1806: 1799: 1795: 1794: 1788: 1781: 1777: 1773: 1767: 1760: 1755: 1748: 1742: 1736: 1735:Contract Code 1732: 1726: 1719: 1714: 1707: 1701: 1694: 1688: 1681: 1680: 1674: 1667: 1666: 1660: 1653: 1652: 1646: 1639: 1638: 1632: 1625: 1624: 1618: 1611: 1610: 1604: 1597: 1596: 1590: 1583: 1582: 1576: 1569: 1568: 1562: 1555: 1554: 1548: 1541: 1540: 1534: 1527: 1526: 1520: 1513: 1512: 1506: 1499: 1498: 1492: 1485: 1481: 1480: 1479:Foakes v Beer 1474: 1472: 1464: 1463: 1457: 1450: 1449: 1448:Pinnel's Case 1443: 1436: 1432: 1426: 1419: 1414: 1407: 1406:Wade v Simeon 1402: 1395: 1394:Currie v Misa 1390: 1386: 1372: 1366: 1356: 1347: 1340: 1336: 1330: 1321: 1314: 1307: 1297: 1287: 1283: 1273: 1269: 1267: 1264: 1262: 1259: 1258: 1252: 1250: 1246: 1242: 1241:Contract Code 1238: 1233: 1229: 1226: 1221: 1219: 1215: 1211: 1207: 1196: 1194: 1190: 1186: 1176: 1172: 1161: 1158: 1155: 1154: 1153: 1149: 1140: 1138: 1132: 1127:Bundled terms 1124: 1122: 1118: 1114: 1109: 1107: 1104:, such as an 1103: 1098: 1094: 1090: 1087: 1084:A party that 1081: 1071: 1067: 1064: 1063: 1055: 1046: 1044: 1040: 1036: 1032: 1028: 1024: 1023: 1018: 1013: 1009: 1007: 1003: 999: 993: 991: 987: 983: 972: 966: 963: 960: 957: 955: 954:public policy 951: 948: 945: 942: 939: 936: 935: 934: 928: 924: 920: 916: 912: 909: 905: 901: 900: 899: 897: 892: 884: 881: 878: 875: 872: 869: 866: 865: 864: 856: 854: 850: 846: 845: 839: 836: 830: 828: 824: 819: 815: 810: 804: 802: 797: 793: 792: 787: 786: 785:Currie v Misa 782:The court in 780: 778: 774: 770: 767: 763: 762:Consideration 752: 747: 745: 740: 738: 733: 732: 730: 729: 723: 719: 715: 712: 708: 705: 701: 698: 694: 690: 687: 684: 682:jurisdictions 681: 677: 676: 674: 673: 669: 668: 663: 660: 658: 655: 653: 649: 645: 642: 640: 637: 635: 632: 631: 630: 629: 625: 621: 620: 615: 614:United States 612: 608: 605: 603: 600: 599: 597: 595: 592: 590: 587: 585: 582: 580: 577: 575: 572: 570: 567: 566: 565: 564: 560: 559: 554: 551: 549: 546: 545: 544: 543: 539: 538: 531: 528: 527: 525: 522: 519: 516: 515: 514: 513: 509: 508: 503: 502: 498: 496: 493: 491: 488: 486: 485: 481: 479: 476: 475: 474: 473: 470: 467: 466: 461: 458: 454: 453:penal damages 450: 447: 446: 445: 444:Money damages 442: 440: 437: 436: 435: 434: 431: 428: 427: 422: 419: 417: 414: 412: 409: 407: 404: 402: 399: 397: 394: 393: 392: 391: 388: 385: 384: 379: 376: 374: 371: 369: 366: 364: 361: 359: 356: 355: 354: 353: 349: 348: 341: 338: 337: 336: 333: 329: 326: 325: 324: 321: 317: 314: 312: 309: 308: 307: 304: 300: 297: 296: 295: 292: 290: 287: 286: 285: 284: 281: 278: 277: 272: 269: 267: 266: 262: 260: 257: 255: 252: 250: 247: 246: 245: 244: 240: 239: 234: 231: 229: 226: 224: 223:Unclean hands 221: 219: 218: 214: 212: 209: 207: 204: 202: 199: 197: 194: 190: 187: 185: 184:Impossibility 182: 180: 177: 176: 175: 174:Force majeure 172: 170: 169: 165: 161: 158: 157: 156: 155:public policy 152: 149: 147: 143: 140: 138: 135: 133: 130: 129: 128: 127: 124: 121: 120: 115: 112: 110: 107: 105: 104:Consideration 102: 100: 97: 95: 92: 90: 87: 85: 82: 80: 77: 75: 72: 70: 67: 65: 62: 61: 60: 59: 55: 54: 50: 46: 45: 42: 39: 38: 33: 19: 2050:Contract law 2016: 2012: 2004: 1999: 1987: 1976: 1972: 1960: 1955: 1944: 1932: 1928: 1916: 1912: 1896: 1892: 1881:. Retrieved 1877:the original 1867: 1862:(Australia). 1854:, (1954) 92 1847: 1843: 1835: 1831: 1826:(Australia). 1809: 1805: 1791: 1787: 1775: 1766: 1754: 1746: 1741: 1725: 1713: 1705: 1700: 1687: 1677: 1673: 1663: 1659: 1649: 1645: 1635: 1631: 1621: 1617: 1607: 1603: 1593: 1589: 1579: 1575: 1565: 1561: 1551: 1547: 1537: 1533: 1523: 1519: 1509: 1505: 1495: 1491: 1477: 1460: 1456: 1446: 1442: 1434: 1425: 1417: 1413: 1405: 1401: 1393: 1389: 1365: 1355: 1346: 1329: 1320: 1306: 1296: 1286: 1222: 1218:"peppercorn" 1202: 1182: 1173: 1170: 1150: 1146: 1136: 1133: 1130: 1120: 1110: 1099: 1095: 1091: 1085: 1083: 1068: 1059: 1056: 1052: 1031:negotiations 1025:, a form of 1020: 1010: 1001: 994: 978: 970: 932: 888: 862: 842: 840: 831: 822: 817: 813: 808: 805: 798: 783: 781: 761: 760: 657:Criminal law 639:Property law 594:Saudi Arabia 499: 482: 263: 215: 166: 103: 84:Posting rule 41:Contract law 1626:AC 614 (PC) 1360:sufficient. 1291:prohibited. 1102:settlements 1060:value of a 986:legislation 818:forbearance 791:enforceable 495:Restitution 306:Arbitration 2044:Categories 1883:2012-06-15 1860:High Court 1824:High Court 1796:(1989) 16 1682:2 WLR 1153 1567:Re McArdle 1381:References 1339:Padma Shri 1062:peppercorn 835:common law 769:common law 697:pandectist 680:common law 460:Rescission 368:Delegation 363:Assignment 151:Illegality 99:Firm offer 1982:strategy. 1935:(1973) 1 1199:Criticism 1043:detriment 1039:assurance 1012:Civil law 998:assumpsit 801:contracts 699:tradition 569:Australia 416:Deviation 323:Mediation 56:Formation 1514:1 KB 280 1255:See also 1249:estoppel 1225:UNIDROIT 1206:defences 1027:estoppel 982:estoppel 825:a valid 662:Evidence 634:Tort law 607:Scotland 430:Remedies 373:Novation 196:Hardship 123:Defences 64:Capacity 1301:person. 1121:illegal 1086:already 766:English 652:estates 584:Ireland 201:Set-off 142:Threats 137:Mistake 1994:, 2016 1838:(1842) 1761:KB 130 1668:AC 270 1570:Ch 669 650:, and 648:trusts 622:Other 574:Canada 2029:130, 2021: 1963: 1919: 1899: 1858:424, 1850: 1822:387, 1814: 1798:NSWLR 1729:See: 1528:AC 87 1482: 1278:Notes 1243:", a 1210:Ḥiyal 851:) or 670:Notes 644:Wills 626:areas 589:India 451:, or 401:Cover 1959:see 1939:497. 1695:s.2d 1691:The 1239:'s " 1185:tort 1137:that 827:gift 794:only 777:deed 153:and 144:and 2025:, 1937:ALR 1856:CLR 1820:CLR 1800:582 1778:, ( 1733:'s 1369:As 1337:or 907:it. 833:In 814:not 809:not 624:law 2046:: 2027:KB 1903:, 1774:, 1470:^ 1433:. 1045:. 855:. 829:. 823:is 646:, 1886:. 1437:. 1315:. 750:e 743:t 736:v 34:. 20:)

Index

Consideration (law)
Consideration (disambiguation)
Contract law

Capacity
Offer and acceptance
Meeting of the minds
Abstraction principle
Posting rule
Mirror image rule
Invitation to treat
Firm offer
Consideration
Implication-in-fact
Collateral contract
Defences
Misrepresentation
Mistake
Threats
unequal bargaining power
Illegality
public policy
Unconscionability
Culpa in contrahendo
Force majeure
Frustration of purpose
Impossibility
Impracticability
Hardship
Set-off

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