Question: ONE Question Only. (a) Consideration can be defined as something of value in the eye's of the law, but consideration is not a critical factor

ONE Question Only.

(a) Consideration can be defined as "something of value in the eye's of the law", but consideration is not a critical factor factor to any contractual obligations and as such, it has to be ignored in any contract.

Critically discuss this statement, with the following requirements;

  1. Five (5) applicable case laws on the subject matter.
  2. 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;

  1. Three (3) applicable case laws on the subject matter
  2. State clearly
  • The issue
  • Basic facts of the Cases
  • The Judgement

Note.

  • You cannot copy and paste the various cases.
  • You are required to discuss via a few paragraphs, what was the issue, basic facts and the judgement.
  • Conclude by applying the mentioned cases to the issue at hand in respect of question (a) and (b) above.

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