Company Law

To begin with we will provide a brief background on the case. The fact is , John was travelling on the journey to Liverpool by using the ticket that his girlfriend had bought him. When he was boarding the ferry he was approached by a member of the ferry staff who informed him that he was the 100,000th passenger to travel on the new service. He was also informed that if he would engage in a number of publicity events associated with the fact that he was the 100,000th passenger that he would receive in turn unlimited travel on the ferry for the rest of his life. John agreed with that proposal and was involved in a number of television and radio appearances and his name and pictures was used by the company. Subsequently, John heard nothing from the Superfast Ltd. Last week, he decided to travel to a football game in Liverpool and he contacted Superfast Ltd to arrange his free travel. The company informed him that the ‘free travel for life’was simply a prize that had been made available to him and as he had provided nothing to the company in return so there would be no free travel made available to him. The case concerns ' offer ' and ' consideration '. Firstly, John did not buy the ticket; his girlfriend did, so there would be a contract for ticket between Superfast Ltd and John's girlfriend. Secondly, when the Superfast Ltd informed him that he was the 100,000th passenger and if he would engage in a number of publicity events associated with the fact that he was the 100,000th passenger that he would receive in turn unlimited travel on the ferry for the rest of his life, he's been made an offer and John accepted the offer, which is the acceptance. Subsequently, the main emphasis is placed on the ' consideration '. This review is followed by an introduction to consideration. Consideration is the price to be paid under a contract. There are three main forms of consideration, executed, executory and past consideration. The most aspect of rules of consideration