Introduction Consideration is one of the essential elements for a formation of a contract.1 According to Lord Pollock’s definition of consideration which 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 thus given for value is enforceable.2 Besides that‚ consideration must be something of value given or promised in exchange for the promise given by the other party in order for a valid contract to be formed.3
Premium Contract Consideration
Consideration In contract law consideration is concerned with the bargain of the contract. A contract is based on an exchange of promises. Each party to a contract must be both a promisor and a promisee. They must each receive a benefit and each suffer a detriment. This benefit or detriment is referred to as consideration. Consideration must be something of value in the eyes of the law - (Thomas v Thomas). This excludes promises of love and affection‚ gaming and betting etc. A one sided promise
Premium Consideration Common law Law
LAW OF CONTRACT Subject Code : 101 TOPIC : VALUE OF INSUFFICIENCY OF CONSIDERATION IN CONTRACT PRESENTED BY : NAME : Siddharth Dalabehera ROLL : 1283092 COURSE : BA LLB (B) UNDER THE GUIDANCE OF : MS. Jinia Kundu and MR. P. K. Ghosh ACKNOWLEDGMENT I owe a great many thanks to a great many people who helped and supported me during
Premium Contract
1 (a) According to the information from the question‚ Hei Lau’s letter amounted to an offer to sell his second-hand car and the offer would remain open for one week. Although Chiu Chor made the first letter to Hei Lau for inquiring “whether he would take HK$40‚000 for the car”‚ the original offer was still valid because this inquiry was a mere request for information about the offer rather than a counter offer‚ it does not imply a rejection of the offer. An example of a mere request is the case
Premium Contract Contract law
the scheme of life‚ civility can be learned through a number of factors‚ including certain upbringing taught at home‚ school‚ and influences from society. But these factors also work the same in dictating barbarity within people. In Chronicle of a Death Foretold‚ Gabriel Garcia Marquez uses literary elements and techniques to convey the theme that even the most civilized people resort to senseless‚ barbaric acts. The usage of animal imagery in the novel describes the extent of how barbaric the
Premium Sociology Civilization Religion
Cultural Considerations of the Opening of Shanghai Disneyland Case Study Assignment 2 Course Coordinator – IBS210 – The Principals of International Business Tutorial – Student – Due Date – 22 April‚ 2013 Word Count – 1031 words (excluding references) Cultural Considerations of the Opening of Shanghai Disney Shanghai Disneyland resort opening 2015 will have the biggest and tallest Cinderella castle in the world. The key players are the Chinese government‚ Disney‚ Shanghai Shendi Group and
Premium Walt Disney Parks and Resorts Magic Kingdom People's Republic of China
Emanuela Pavel Engwr 300 23 March 2010 Justifying an Evaluation essay –final Chronicles of Narnia The Chronicles of Narnia: The Lion‚ the Witch‚ and the Wardrobe is based on a children’s book by C. S. Lewis and follows the book faithfully. Chronicles of Narnia is a good movie because of a great character story line‚ because of the allegories used and because of the good lessons for children to learn. The movie is a retelling of the biblical story for a young audience. One of the techniques
Premium The Chronicles of Narnia
Death in cross cultural perspectives Death is inevitable part of human experience‚ which is often associated with fear of unknown‚ separation‚ and spiritual connection. Death is an individual experience‚ which is based on unique perceptions and beliefs. Fear of death and dying seems to be a universal phenomenon‚ which is closely associated with apprehension and uneasiness. Death is allied with permanent loss‚ thus personal experiences of grief are similar in many different cultures. There are different
Premium Death Funeral
In “Waiting for Godot” by Samuel Beckett and “Chronicles of a Death Foretold” by Gabriel Garcia Marquez‚ the reader is presented with an un-orthodox beginning of story in both novels. While Beckett’s play starts with the antithesis of a usual opening line “Nothing to be done”‚ Marquez’s novel does the same “On the day they were going to kill him‚ Santiago Nasar” thus condemning the novel to a foretold destiny. These approaches withdraw any initial suspense that the novel or play could offer; this
Free Samuel Beckett Waiting for Godot Theatre of the Absurd
brought many soldiers and missionaries to the South America region. One of the soldiers who made the long journey was a young man named Pedro de Cieza de Leon. He described his experience in a series of writing that he named Chronicles of the Incas. In the Chronicles of the Incas‚ Cieza de Leon explains some of the techniques Incas rulers used to keep peace among their conquered people‚ a type of bureaucratic system that represented all of the Inca provinces‚ how the Incas unified their
Free Inca Inca Empire