Questions tagged [consideration]
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What is the point of requiring consideration in a contract?
If a contract where Bob gives Alice a peppercorn and she gives him an airplane will be enforced by a court if one of them tries to back out, what's the point of not enforcing a contract where Alice promises Bob the plane with no consideration from…
Someone
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What counts as consideration in contract law?
What counts as consideration in contract law? Does consideration from party A have to be to the benefit of the party B?
Jen
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Can moneys paid by a third party fulfill the consideration requirement of a contract?
The below scenario is a fiction to tease out a legal principle in New Zealand:
The New Zealand Government has an agreement that they will pay an amount to Bobs University for any enrollment made by a New Zealand citizen. Alice is a New Zealand…
davidgo
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Is a non-exclusive and revocable license valid consideration for a legal agreement/contract?
This question pertains to U.S. law, and California law specifically, if it matters.
The motivation behind this question is the scenario where a company has supplied parts or equipment usage to a non-employee inventor in exchange for a non-exclusive…
benjamin37
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Is Zero-Clause BSD legally binding?
Unilateral promises themselves are not legally binding, and donations do not constitute a valid contract, as these lack consideration (or "causa," a related concept in civil law). It's also evident that intellectual property licenses should be…
Solarius
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Does redundant first party consideration nullify a contract?
Alice is saddled by many tens of thousands of debt to her bank. She is mostly overwhelmed by this and scarcely makes any effort to repay it for a decade, it being hardly within her ability to anyway. One day she gets a pay raise, and is able to…
TylerDurden
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Are there any crimes or civil wrongs in disingenuously wasting another’s time?
Suppose that one phones you and states that they have a Nigerian princes inheritance which they would like to arrange to send to you.
Or that they would like to donate some money to your organisation or work.
In either case the true purpose is to…
TylerDurden
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Legality of promising to refrain from tipping another off?
X discovers that he has a valuable cause of action against Z, and decides to use it as leverage against Z, but it isn't quite enough leverage to counter Z in the way X would like. However, he realises that his discovery would also be relevant to Y,…
TylerDurden
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Is TfL bound By their pledged fare freezes?
Is TfL bound in any way to honour their pledged fare freezes to the public on advertising billboards even though there is no contractual loss or consideration? What are the pledges legal status and have there ever been any challenges to their…
TylerDurden
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