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CONSIDERATION - Coggle Diagram
CONSIDERATION
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past consideration
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Re McArdle (1951)
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when the work was finished, the owners promised to pay £488
HELD- all the work was complete before the agreement was made- therefore there was no consideration for the promise to pay-> it was past consideration
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the law doesn't enforce gratuitous promises-> there needs to be consideration to be a binding contract
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types
executory consideration
a promise is given in return for another promise- neither side has completed its side of the bargain yet
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