Consideration Flashcards

You may prefer our related Brainscape-certified flashcards:
1
Q

ADEQUACY OF CONSIDERATION (Courts will not inquiry into the value of the consideration provided in the context of the economic value of transaction)

A

Thomas v. Thomas
Chappel & Co Ltd v. Nestle Co Ltd

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

SUFFICIENCY OF CONSIDERATION (courts WILL ENQUIRY into the type aka sufficiency of consideration exchanged between two or more parties to a contract)

A

O’Neill v. Murphy (= prayers are not sufficient consideration)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

PUBLIC DUTY IMPOSED ON PARTY BY LAW

A

Collins v. Godefroy
England v. Davidson (= DID AMOUNT TO SUFFICIENT CONSIDERATION since it went beyond and over public duty imposed on the party by law)
McKerring v. Minister for Agriculture

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

FULFILLMENT OF EXISTING CONTRACTUAL DUTY (≠ consideration)

A

Stilk v. Myrick

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

PART PERFORMANCE aka PINNEL’S CASE (Pinnel v. Cole)

A

Pinnel v. Cole
Williams v. Roffey Bros (opposite to stilk v. myrick)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

PROMISSORY ESTOPPEL or EQUITABLE ESTOPPEL

A

Hughes v. Metropolitan Railway

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

PROMISSORY ESTOPPEL (1- Promise must be clear and unequivocal)

A

Golems v. Minister for Education

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

PROMISSORY ESTOPPEL (2- Pre-existing contractual relationship as necessity)

A

Combe v. Combe

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

PROMISSORY ESTOPPEL (3- Reliance on the promise made. Promisee must act to his DETRIMENT)

A

Central London Property Trust v. High Trees House

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

PAST CONSIDERATION

A

Re McArdle
Lampleigh v. Bratgwait (act done at the promisor’s request, exception to the rule, attention!)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

CONSIDERATION MUST MOVE FROM PROMISEE

A

McEvoy v. Belfast Banking Corporation

How well did you know this?
1
Not at all
2
3
4
5
Perfectly