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Contract Law 1 (Consideration (Rules ((c) must move from the promisee…

- - - - of some value
      - acts that are not consideration
        
        love, affection
        
        moral or social duty
        
        Case Law: Stilk v Myrick
        
        no need pay sailors who stayed on
        
        sailors had not provided consideration for captain's promise to pay extra
    - - not matter whether proportionate in value to thing given in return
      - must be sufficient
        
        some value
    - - only a party to a contract can sue or be sued on that contract
      - no 3rd party can derive a benefit or incur liability on contract he is not a party to
      - Case Law: Price v Easton
        
        no contract not entitled to sue
      - exception
        
        contract expressly provides
        
        term purports to confer benefit on him
    - - cannot be agreements to do unlawful acts
    - - past consideration is no consideration
      - promise cannot be made in exchange for an act which has taken place in the past
- - - - silence is not acceptance
      - Case Law: Felthouse v Bindley
        
        no contract without acceptance
        
        Silence not acceptance without reply
      - Exceptions
        
        Acceptance by Post (The Postal Rule)
        
        Case Law: Household Fire Insurance Co V Grant
        
        don't apply to instantaneous comm
        
        Case Law: Entores Ltd v Miles Far East Corporation
        
        formed when acceptance is received
        
        contract formed in London
        
        When Communication of Acceptance has been Waived
        
        Case Law: Carlill v Carbolic Smokeball
- - - - intend to be legally binding
    - - not intend to have legal effect