6
votes
Accepted
What is the point of requiring consideration in a contract?
Lon Fuller, in a classic article titled "Consideration and Form" posited three purposes of consideration:
an evidentiary function,
a cautionary function, and
a channelling function.
He ...
- 36.3k
2
votes
Accepted
Is TfL bound By their pledged fare freezes?
Transport for London (TfL) is the responsibility of the Mayor of London, and it is he who ultimately decides on fare increases or freezes.
TfL then publish the actual numbers on their website, and may ...
- 3,003
2
votes
Accepted
Legality of promising to refrain from tipping another off?
If X says to Z "Do what I want, or I will tell Y soemthign that will be to your disadvantage" that is blackmail or extortion in many, probably most common-law jurisdictions (quite probably ...
- 112k
2
votes
What is the point of requiring consideration in a contract?
The consideration doctrine has become more and more lenient over time giving rise to the "peppercorn theory" that courts will not second guess the amount of consideration in a transaction, ...
- 186k
1
vote
What counts as consideration in contract law?
united-states
Consideration is usually an element of a valid contract. But consideration is not required at all for a personal guarantee of a debt, for marital agreements entered into during a ...
- 186k
1
vote
What counts as consideration in contract law?
Pretty much anything that is neither illegal nor a pre-existing obligation can be consideration. A necessary pre-condition for any trade or contract is a different valuation of whatever is being ...
- 2,019
1
vote
What counts as consideration in contract law?
See generally Hamer v. Sidway (1891), 124 NY 538, citing indirectly Currie v Misa (1875) LR 10 Ex 893:
'A valuable consideration in the sense of the law may consist either in some right, interest, ...
- 36.3k
1
vote
Are there any crimes or civil wrongs in disingenuously wasting another’s time?
Depending on who said what, it may be attempted fraud. This would not exactly punish the wasted time, it would punish the attempt to do something more serious. Just how a legal system deals with ...
- 13.2k
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