Professional Documents
Culture Documents
Consideration
Thomas v Thomas (1842)
- Consideration must be adequate, need not be sufficient
- Must have recognized legal value ( 1 dollar is OK)
Anderson v Glass (1868)
- Consideration may be execusted or executory but cannot be
past consideration
Wigan v Edwards (1973)
- Consideration may consist of a promise to refrain from taking legal
action, provided that the person threatening such action has a bona
fide belief in the claim and their prospects of success, and that the
claim itself is reasonable or frivolous.
Stilk v Myrick (1809)
- Performing an existing obligation is not good consideration
- Where however the, the promisor agrees to do something more,
albeit only a little more, or something different from what they are
already obliged to do and the promise agrees to accept that in
discharge of the exisiting obligation, then there is sufficient
consideration even though the substituted performance may not be
as valuable as the original obligation.
- Was previously bound by the original terms of the original contract.
- No consideration was given to enforce the agreement.
Williams v Roffey Bros (1990)
- The practical benefit test (broaden the concept of valuable
consideration to include the so-called practical benefit test)
- Aware of the plantiff difficulties and reason to doubt whether B will,
or be able to complete his side of the bargain
- Then promises to pay more
- Then there is a practice a benefit, or obviates a disbenefit from
giving the promise
- There cannot be economic duress or fraud.
Central London Properties v High Trees (1947)
- Promissory or equitable estoppel
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(b) The promisor knew it would be acted upon by the promisee; and