Summary
Summary Case sheet for contract law
- Course
- Institution
A case sheet for contract law in these specific areas: consideration, promissory estoppel, intention to create legal relations and implied terms
[Show more]
Seller
Follow
soniyabegh
Available practice questions
Flashcards for consideration
Flashcards
15 Flashcards
$9.14
0 sales
Flashcards
15 Flashcards
$9.14
0 sales
Some examples from this set of practice questions
1.
How many types of consideration is there and what are they?
Answer: Three. 1) Executory 2)executed 3) past consideration
2.
What is consideration
Answer: Wherein both parties should something out of it. “An act of one party or the promise, is the price for which the promise of the other is bought, and the promise thus given for value is enforceable” Per Dunedin Lj, Dunlop v Selfridge 1915
3.
What is executory consideration?
Answer: The promise of party A is made in return for the promise of party B
4.
What is executed consideration?
Answer: One party has executed their half, the other party’s consideration is still executory (yet to be done).
5.
What is past consideration?
Answer: A service provided by one party before the promise of a reward is made by the other party
6.
What are the golden rules for consideration?
Answer: 1) C must not be past 2) C must move from the promise 3) C must be sufficient, not adequate 4) C must be performance on an existing obligation either under a) a contract or b) law.
7.
What’s not considered good consideration?
Answer: Part payment
8.
What’s the case for consideration must not be past
Answer: Re Mcardle (1951)
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller soniyabegh. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for $10.45. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
87781 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now
Recently viewed by you
