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Consideration in contract law

Peter Blood explains the key rules of consideration in an essential overview of this important ‘formation of contract’ topic (as supported by an online podcast). contract law

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The purpose of this article is to explain the key rules relating to consideration in contract. Relevant cases are cited but, in most instances, not described, the intention being that you should read them yourself in a textbook or website after reading this article.

In the online surround coverage to accompany this article, I will also consider privity of contract and promissory estoppel, two topics that are closely related to consideration. I will also critically evaluate the rules relating to consideration.

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Previous

Blackmail: just another property offence or ‘murder of the soul’?

Next

Law and morality: understanding the significance of the Hart vs Devlin debate

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