Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The doctrine of consideration has been subject to criticisms and there is a great deal of debate prompting for the replacement of the doctrine by

The doctrine of consideration has been subject to criticisms and there is a great deal of debate prompting for the replacement of the doctrine by various other doctrines in the law of contract. Consider to what extent if any of these doctrines and/or Act of parliament have been effective and has proven to replace the doctrine of consideration: 1. Doctrine of intention to create legal relations. 2. Doctrine of intention to be bound 3. Doctrine of economic duress 4. Doctrine of promissory estoppel 5. Contract (Right of Third Parties) Act 1999.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Auditing Standards In The United States Comparing And Understanding Standards For ISA And PCAOB

Authors: Asokan Anandarajan, Gary Kleinman

2nd Edition

1953349323, 9781953349323

More Books

Students also viewed these Accounting questions

Question

30. Show that A in Prob. 28 is irreducible.

Answered: 1 week ago

Question

3.2 Discuss the strategic importance of technology in HRM.

Answered: 1 week ago