Question
MGMT 2021 Business Law - Summer 2022 - Assignment #1 Closed- 18 th June 11.55 PM EC time ONE Question Only. (Answer both part A
MGMT 2021 Business Law - Summer 2022 - Assignment #1
Closed- 18th June 11.55 PM EC time
ONE Question Only. (Answer both part A and B)
(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;
- Five (5) applicable case laws on the subject matter.
- State clearly
- The issue
- Basic facts of the Cases
- The Judgement (20 marks )
(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 (20 marks )
Total (40 marks )
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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