english business law

I need some assistance with these assignment. english business law Thank you in advance for the help!

Sir Fredrick Pollock’s definition of consideration is “An act or forbearance of one party, or the promise thereof, is the price for which the promise of the other is bought, and the promise is thus given for value is enforceable.” This was approved by&nbsp. Lord Dunedin in Dunlop v Selfridge Ltd ( 1915)

Don't use plagiarized sources. Get Your Custom Essay on
english business law
Just from $13/Page
Order Essay

&nbsp.It, therefore, follows that a gift is not a contract.&nbsp. There is no contract if there is no consideration. However, consideration is required to be expressed in monetary terms. As such any discernible detriment to one of the parties could be that party’s consideration ( Duhaime) An agreement not to take a plot of land was considered a sufficient consideration(Hubbs). The law does not insist on the adequacy of consideration as it is between the parties to decide. The consideration should be reciprocal, with each party offering consideration. The motive should not be confused with consideration. Our motive for contracting may be for personal reasons but it may coincide with the consideration we are giving or receiving. If the consideration is already “spent” in a prior contract,&nbsp. a new contract using that same consideration would be valid.

Calculate your order
Pages (275 words)
Standard price: $0.00
Client Reviews
4.9
Sitejabber
4.6
Trustpilot
4.8
Our Guarantees
100% Confidentiality
Information about customers is confidential and never disclosed to third parties.
Original Writing
We complete all papers from scratch. You can get a plagiarism report.
Timely Delivery
No missed deadlines – 97% of assignments are completed in time.
Money Back
If you're confident that a writer didn't follow your order details, ask for a refund.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00
Power up Your Academic Success with the
Team of Professionals. We’ve Got Your Back.
Power up Your Study Success with Experts We’ve Got Your Back.
error: Content is protected !!
Live Chat+1(978) 822-0999EmailWhatsApp

Order your essay today and save 20% with the discount code GOODESSAY