MGMT 2021: Consideration can be defined as “something of value in the eyes of the law: Business Law Case Study, UWI, Ireland
| University | The University of the West Indies at Cave Hill (UWI) |
| Subject | MGMT 2021: Business Law |
Question
(a) Consideration can be defined as “something of value in the eyes of the law”, but consideration is not a critical factor to any contractual obligations and as such, it has to be ignored in any contract.
Critically discuss this statement, with the following requirements;
- Five (5) applicable case laws on the subject matter.
- State clearly
- The issue
- Basic Facts of the Cases
- The Judgement
(b) With respect to the doctrine on Consideration, Past Consideration is ‘irrelevant’
Critically discuss this statement, with the following requirements;
- Three (3) applicable case laws on the subject matter
- State clearly
- The issue
- Basic Facts of the Cases
- The Judgement
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