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Words: | Submitted: Tue Feb 10 2004
... or responsibility, given, suffered or undertaken by the other." 2 In the traditional doctrine of consideration, as correctly stated in the essay title, there must be benefit accrued from one party and a detriment suffered by the other in order to constitute sufficient consideration. Sir Frederick Pollock described consideration as "The price for which the promise is bought." It is upon this basis that many past cases have been decided, but one cannot help but notice a change in attitude towards this doctrine since the landmark case of Williams v Roffey Bros & Nicholls (contractors) ltd 3, which added another perspective upon the role of the classic definition of consideration and even went as far as to question its relevance in the modern law of contract. Benefit and detriment are not the only aspects of consideration, there are other principles which make up the doctrine of consideration such as the ...
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