Consideration

• The Doctrine of Consideration


  Consideration=each party suffering a detriment and gaining a benefit
• Lamplaigh v Braithwait


  Rules of conversation: must not be in the past
• Tweedle v Atkinson


  Rules of consideration: must move from a promise
• White v Bluett

  Rules of consideration: must not be vague
• Chapel v Nestlé


  Rules of consideration: sufficient needneed not be adequate
• Silk v Myrick


  Preformance of an existing duty