... to enter into a contract. Dunlop v Selfridge [1915] AC 847 HL "An act or forbearance of one party, or the promise thereof, is the price for which the promise of the other is bought and the promise thus given for value enforceable." Currie v. Misa 1875 this case is important because of the following definition of consideration given by the court of first instance. "A valuable consideration, in the sense of the law, may consist either in some right, interest profit or benefit accruing to one party or some forbearance, detriment loss or responsibility, given suffered or undertaken by the other."2 The doctrine of consideration is governed by four major principles: (i) consideration must move from the promisee and not from a third party. Only the promisee can provide consideration, not a third party and not the promisor. If A gives B £500 in return for B's promise to give ...

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