Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The law will interfere with the parties' bargain if there isan inadequacyin themonetaryvalue of one party's promisecompared to the promise given by the other party.

The law will interfere with the parties' bargain if there isan inadequacyin themonetaryvalue of one party's promisecompared to the promise given by the other party.

Consideration is requiredto be given forevery promise and there is no room for equitable doctrines.

Consideration must befactuallyadequate and need not belegallysufficient.

Promissory estoppel may enable a promise which is not supported by consideration to begiven legal effect.

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_2

Step: 3

blur-text-image_3

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

Constitutional And Administrative Law

Authors: John Alder, Keith Syrett

11th Edition

1137606711, 978-1137606716

More Books

Students also viewed these Law questions

Question

1. To generate a discussion on the concept of roles

Answered: 1 week ago