makes a promise which the other party to the contract (promisee) acts upon‚ the promisor is estopped from going back on his promise‚ even though the promise did not provide any consideration. Theoretically‚ by this concept‚ Ernie should be estopped from asking Richard for the remaining balance of ₤140. The main reason is that Ernie promised to accept a smaller sum of ₤160 from Richard in full settlement‚ intending Richard to rely on that promise‚ so he cannot go back to the original promise of ₤300
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Now as Jesus we call ! Ss/s Hymn 877 standing on the promises 1. Standing on the promise of Christ my king Throught eternal ages Let his praises ring Glory in the highest I will shout and sing Standing on the promises of God Chorus Stand-----ding stand-----ding Standing on the promises of God my saviours Stand-----ding stand-----ding I ‘m standing on the promises of God 2. Standing on the promises That cannot fail When the howling storms Of doubt and
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element. So‚ a valid contract will not exist without consideration. By promise someone sacrifices or gives something and other people take something. This kind of giving or taking and sacrificing is called consideration by law. If one party promises without any consideration that is a gift. Consideration is an essential element for the formation of a contract. It may consist of a promise to perform a desired act or a promise to refrain from doing an act that one is legally entitled to do. S2 (d)
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the company is now in financial difficulties and his promise to Jenny is not binding. Advise Jenny as to whether she has any cause of action against her father. This case pertains whether a clear promise was demonstrated to form a legal contract between Jenny and her father to determine whether Jenny has any cause of action against her father. According to the contracts act 1950‚ section 2(d)‚ when at the desire of the promisor‚ the promise or any other person has done or abstained from doing
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Lecturer in Law‚ University of Durham Promises are special in our society because there is a societal or moral convention that allows a promisor to be treated as bound to his promise (promises here including behaviour making others believe that one has promised‚ as well as the more obvious overt statements such as ‘I promise …’). The law of England and Wales reflects this moral convention by enforcing promises that are given in exchange for other promises or consideration‚ ordering the promisor
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accepted. A proposal‚ when accepted‚ becomes a promise: (c) The person making the proposal is called the "promisor and the person accepting the proposal is called the It promisee": (d) When‚ at the desire of the promisor‚ the promisee or any other person has clone or abstained from doing‚ or does or abstains from doing‚ or promises to do or to abstain from doing‚ something‚ such Act or abstinence or promise is called a consideration for the promise: -------------------------------------------------
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In American politics‚ political candidates use election promises all the time in order to gain votes and get into office. However‚ some candidates never have the intention of fulfilling these promises and abandon them once in office. In the article‚ “Obama Finally Fulfills Campaign Promise To Spend One Night In Abandoned Amusement Park” published by The Onion‚ it states that President Obama promised that he would spend a night in the Cedar Plains Family Fun amusement park for an entire night when
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As explained in lecture the first formulation of the categorical imperative is‚ “Act only in accordance with that maxim that you can at the same time will that it become a universal law.” First off‚ what does it mean to say‚ “Will as a universal law?” This means that you must ask yourself two questions. The first being whether you can consistently conceive of everyone acting on your maxim in all possible circumstances‚ and the second question being to ask yourself whether you can will everyone acting
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Contracts Outline I. Introduction a. What is a K?: A promise of a set of promises for the breach of which the law provides a legal remedy. § 1. b. Hawkins v. McGee – an expectation to the idea that most medical promises should be argued in malpractice suit c. Bayliner v. Crow – promise was Insufficiently specific i. General intro into what kind of promises are enforceable II. Remedies (Prelim.) a. 2 assumptions – Naval & Sullivan i. Rather than punishing
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Aylwin Mathews(4447001) PART A “Consideration” Introduction: Latimer defines consideration as “something for something” or the exchange of promises from each party-from the promisor to the promise-which turns the agreement into a contract. Contracts are the basis of the business and therefore understanding the law of contract is essential for persons wishing to engage in business. There would be no business without contracts. To make a contract legally enforceable six prerequisites
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