Pages

Friday 22 March 2013

Elements of Consideration

Elements of Consideration

Consideration for a promise must be either:

§   Legally detrimental to the promisee, or legally beneficial to the promisor.

“Legal Value”:

§   Promise,

§   Performance, or

§   Forbearance.

Case 11.1: Hamer v. Sidway (1891).

No comments:

Post a Comment