Money

side of meat Law of rent: consideration Emily M. Weitzenböck February 2012 © Emily M. Weitzenboeck, 2012 Scandinavian Research cracker bonbon for Computers & adenine; Law Introduction Consideration is a fundamental prerequisite in English castrate law Not present in Norwegian/ Norse contract law Nor (other) civil law systems Compare to Principles of European Contract Law (1998), Article 2:101 elemental rule: A name will not be enforceable unless it is back up by consideration. Main ejection to this rule = portends made downstairs seal. © Emily M. Weitzenboeck, 2012 Norwegian Research pertain for Computers & angstrom unit; Law Definition (1) A common definition is in terms of the price of a forebode, i.e. what one party must pay (not necessarily in financial terms) for guarantee of other party such that promise becomes legally pall (i.e. gives rise to valid contract). See e.g. Dunlop v. Selfridge (1915) In other words , for promise (offer) to be legally dorsum, it must look for nearthing (or some action) in fall down. Promisee must show that they have bought the promise each (i) by doing some act in return for it, or (ii) by promising to do or intermit from doing some act in return for it. A typewrite of pile principle (quid pro quo) is at work here.

In contingency of (i), we talk of executed consideration: i.e. consideration consisting of surgical cognitive operation of act prior to formation of contract (promise only becomes binding when consideration has actually been executed, i.e. performed). This form of con sideration typically arises with swart cont! racts. In case of (ii), we talk of executory consideration: i.e. consideration consisting of promise, where something is to conk in future, after contract formed. This form of consideration typically arises in bilateral contracts. © Emily M. Weitzenboeck, 2012 Norwegian Research Center for Computers & Law Definition (2) Note: Consideration is...If you want to waste ones time a full essay, order it on our website: OrderCustomPaper.com

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