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The main purpose of the shift from benefit-detriment to bargain theory is to avoid inquiries into whether consideration is adequate. For example, if a person promised you their car for $1.00 because they needed to get rid of it, then the $1.00 might seem adequate.
Consideration need not be adequate. Consideration need not necessarily be equal in value to something given. So long as consideration exists, the courts are not concerned as to adequacy, provided it is for some value. Additionally, under the Indian Contract Act 1872, any consideration is invalid if it is: Forbidden by law [a]
Everyone has the right to a standard of living adequate for the health and well-being of him/herself and of his/her family, including food, clothing, housing and medical care and necessary Social services, and the right to social security in the event of unemployement, sickness, disability, widowhood, old age or other lack of livelihood in ...
The best time to wake up is the time that allows you to sleep enough hours, remain consistent and get exposed to some sunlight in the morning, Dr. Daniel Barone, neurologist and associate director ...
Yes, the optimal solution is advanced preparation, to minimize the effects of the change to Daylight Saving Time by going to bed 15 or 20 minutes earlier each night for up to four nights before ...
Real estate: Property values tend to appreciate over time, plus rental income provides cash flow. ... Check out our list of best online brokers. 3. They keep just enough cash for liquidity.
After the sale, Thomas promised Roscorla that the horse was sound; the horse turned out to be vicious. It was held that Roscorla could not enforce the promise, as the consideration given for entering into the contract to buy the horse had been completed by the time the promise was made; in a sense, the consideration was "used up". [15]
An adequate remedy or adequate remedy at law is part of a legal remedy (either court-ordered or negotiated between the litigants) which the court deems satisfactory, without recourse to an equitable remedy. [1] [2] This consideration expresses to the court whether money should be awarded or a court order should be decreed. [1] "