Consideration Student Name Instructor Name University Affiliation Date Abstract Consideration is the price that the promisor asks in exchange for their promise‚ that is‚ the price of a given promise. Consideration is not a significant part of a contract in a number of jurisdictions. Once parties have reached a binding agreement‚ that becomes sufficient. Nevertheless‚ the common law requires that for agreement to be binding‚ the person to whom a promise is made (promisee) must offer
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Introduction Consideration is one of the essential elements for a formation of a contract.1 According to Lord Pollock’s definition of consideration which is an act or forbearance of one party‚ or the promise thereof‚ is the price for which the promise of the other is bought and the promise thus given for value is enforceable.2 Besides that‚ consideration must be something of value given or promised in exchange for the promise given by the other party in order for a valid contract to be formed.3
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Consideration In contract law consideration is concerned with the bargain of the contract. A contract is based on an exchange of promises. Each party to a contract must be both a promisor and a promisee. They must each receive a benefit and each suffer a detriment. This benefit or detriment is referred to as consideration. Consideration must be something of value in the eyes of the law - (Thomas v Thomas). This excludes promises of love and affection‚ gaming and betting etc. A one sided promise
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LAW OF CONTRACT Subject Code : 101 TOPIC : VALUE OF INSUFFICIENCY OF CONSIDERATION IN CONTRACT PRESENTED BY : NAME : Siddharth Dalabehera ROLL : 1283092 COURSE : BA LLB (B) UNDER THE GUIDANCE OF : MS. Jinia Kundu and MR. P. K. Ghosh ACKNOWLEDGMENT I owe a great many thanks to a great many people who helped and supported me during
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1 (a) According to the information from the question‚ Hei Lau’s letter amounted to an offer to sell his second-hand car and the offer would remain open for one week. Although Chiu Chor made the first letter to Hei Lau for inquiring “whether he would take HK$40‚000 for the car”‚ the original offer was still valid because this inquiry was a mere request for information about the offer rather than a counter offer‚ it does not imply a rejection of the offer. An example of a mere request is the case
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OPTIMIZATION OF ARCHITECTURAL DESIGN OF RESIDENTIAL BUNGALOW FOR GREEN RATING Abstract:- The concept of green building is so much talked about but not so much implemented on the larger scale. The main aim of optimization of architectural design is to make efficient use of resources in optimum way which includes study of renewable energy‚ embodied energy of materials‚ solar radiation incident on building‚ and water efficiency especially through rain water harvesting. This study also leads to
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In 1931 there were about 80 residential schools operating in Canada (News‚ CBC). Over the years that residential schools were in session‚ there were many traumatic events that caused mental‚ emotional‚ and physical damage to not only the individuals who attended‚ but also their families. While residential schools are in the past‚ there are still many long term effects including crime‚ parental abuse and substance abuse that harm the Aboriginal population to this day. Firstly‚ the atrocity of substance
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done in order to fit them into their ideal perception of what it was to be Canadian. With the help of the church the Canadian government implemented the residential school system‚ which was devoted to providing a disciplined based ideal that promoted rejection of the aboriginal culture in favor of the dominant white population. The residential system would eventually become an official Canadian policy for the education of Indian. Even though there are those that state that the government was just
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Shannon Burtch Mrs. Rhee-Schofield NDW 4M Tuesday March 19‚ 2013 Comparison of Different Residential Schools Burtch 1 There have been many residential schools across the world striving to end indigenous culture. Residential schools in Canada‚ America’s Indian boarding schools‚ and what is known as the Stolen Generations from Australia‚ each have similar objectives; however‚ their actions to accomplish their goals vary. Severe punishments
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Abstract This research explores how the residential schools established in the 19th century affected the Native population and the Canadian government. This has been done by examining primary sources such as digital archives‚ books‚ statistics and reports. Upon examination of these events‚ it becomes clear that residential schools had a long term negative impact on the Aboriginal communities and created a negative image to the Canadian government. Despite the government’s goals of assimilating
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