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Consideration - Coggle Diagram
Consideration
past consideration
R v McArdle
Lampleigh v Braithwait no prior request
a later promise to pay for something isn't valid
To be sufficient
Benefit to the promiser or detriment to the promise
Chapple v Nestle
Tangible items only
Part payment of a debt
A has to pay all to B even if they say less is okay
Pinnels case
Consideration
Executory consideration
Promises to be fulfilled
Exectuted consideration
promises fulfilled
Leading case
Currie v Misa
Outlined benefit and detriment
Performance of existing duty
Stilk v Myrick
Had to do extra work for 2 sailors
For an agreement to must be legally binding must have consideration
Which is benefit and detriment
Need not be adequate
Each side doesn't have to give something up of equal value