Contracts Flowchart - Consideration

April 21, 2019 | Author: Lee Coats | Category: Contract Law, Law Of Obligations, Justice, Crime & Justice, Civil Law (Legal System)
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Consideration flowchart...

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! $ c

  c

p   ) c! $ c

" c #$  c

   " % c!c&c

c c  c  c c   c

cc

c   c  c   c c

.c/c 0c# c

'cc ( c  cccc ponsid. for A is not consid. for B.

! c

#  cc0 cccc Good faith supersedes K that was based on invalid claim

 '  ! c  c c  c

"3c3 4c "cc cccc Vew consid. is required for contract mod.

"(! cc    cccc Value to a party only relevant at time of contractc

c c  c   c   c

 ccc Forbearance from a legal right at !  

    2  c c

! c  c$ ,c 25  c 2V ( c 2#c6c%  $ c 2 ccc! c 27c c! c( ! c c

 ( )  * $ c 2  c   c 2 (c ! c c c!c   c   c   c !c!  c( c 0 +c 2c   c c  cc 2cccc(  c $  c

Vpp   

! ,c ) cc  c  -c 8  c   c

9cc   cccc Oromise not illusory b/c deal hinged on an objective standard & good faith

Vpp ,  : c   c   (c $/c  c6c$  -c c ( c!c c c c cc! c

c1 c.  cccc 0c# c2c Vominal consid. insufficient b/c of possible bkrptcy motives

 cc cccc pourts will not assess consid. amount, unless͙c

Vpp   V$  *c ) c$ +c

 &  .c # cc  c c&cccc cc

   ,c  -c( cc ( c

' cc c&  cccc Unequal bargaining power

 !" # $% V!c $c( c $  c(  c

9 ( c6c 1 %    c7c

:cc2 !!cccc An implied duty to act in good faith can be consid.

 + ) # % 2.c! c 2 c c/c   cc(  c  ( / %    c 2  ccactualc(  c

p   V V

   c

c (( c V8  c   c

> 2&  c

c9$ c !   c c

cc:cccc Oast actions are not consideration, unless͙

  c  c!c  c!cOerformance  ccbargained for

73 cc73 cccc pondition to receive a gift, and gratuitous promises are not consid.

2"c! c$  ! c c0c 20c ( c$  ! c6c((  c 2&   c?c %  $ c c c0c c c$  ! c/c (c Unjust Enrichment)

 ',   c!c$  ! c    c ! $ cc!,c 2) c  ccc! c 2cc 8  c  c 25 c(( c c$  ! c : $$cc .[email protected] 8   Bc -Extreme benefit to B -Sever injury incurred, causing reliance to be in effect -Ongoing payments being made -Already being enforced for years -Oromise is in writing

&  cc  c Gifts may be unenforceable even w/o any conditions

V$ - 20c cc  c c  c $  ! c 0c  c c  c c(c !c  c  c cc c3c

0 cc:  c Acting as volunteer in conferring benefit to B that B does not ask for and explicitly refuses

& c c 1   cc.! c V ! $ c

V +! " $ c"c cc! 23c  c!cc c"cc$  ! c!c  /(   -c c cA !c cc -c cc c cEFBc c

 0  !  ) # +! *  ! 1 2   !  !0  c

c c c ;c
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