Money

side of meat Law of rent: reflexion Emily M. Weitzenböck February 2012 © Emily M. Weitzenboeck, 2012 Norwegian Research cracker bonbon for Computers & adenine; Law Introduction Consideration is a fundamental prerequisite in English announcement law Not present in Norwegian/ Norse contract law Nor (other) civil law systems Compare to Principles of European Contract Law (1998), Article 2:101 grassroots rule: A name will not be enforceable unless it is back up by consideration. Main censure to this rule = portends made downstairs seal. © Emily M. Weitzenboeck, 2012 Norwegian Research touch for Computers & adenine; Law Definition (1) A common commentary is in terms of the price of a bid, i.e. what one political party must pay (not necessarily in financial terms) for bode of other party such that promise becomes legally natural covering (i.e. gives rise to valid contract). See e.g. Dunlop v. Selfridge (1915) In other wor ds, for promise (offer) to be legally rachis, it must look for somewhatthing (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 mass principle (quid pro quo) is at work here.

In slipperiness of (i), we talk of executed consideration: i.e. consideration consisting of surgical routine of act prior to formation of contract (promise only becomes binding when consideration has actually been executed, i.e. performed). This form of consider ation typically arises with coloured contra! cts. In case of (ii), we talk of executory consideration: i.e. consideration consisting of promise, where something is to back up 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 pay off a full essay, order it on our website: OrderCustomPaper.com

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