consideration (p.2)

Question 1

what is consideration?

Answer 1

a price in exchange of goods and services

Question 2

1. thomas v thomas

Answer 2

consideration must be adequate and economical

Question 3

2. roscorla v thomas

Answer 3

past consideration is no consideration
any consideration past the agreement is not consideration

Question 4

3. tweddle v atkinson

Answer 4

consideration must move from the promisee
tweddle v atkinson - father of groom and bride agreed to give them money but the both died
consideration is only with people inside a contract

Question 5

promissory estoppel

Answer 5

a legal principle where a promise is enforceable made without formal consideration

Question 6

law to go with promissory estoppel

Answer 6

central london property trust ltd v high trees