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Explain and comment on the doctrine of consideration contract is not valid without valid consideration. Whilst consideration may consist of a right, interest, profit or benefit
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"The language of benefit and detriment is and I believe long has been out of date so is the idea that consideration must be an economic benefit of sum kind. All necessary is that the defendant should expressly or impliedly ask for something in return for this promise". Explain and comment on the doctrine of consideration Consideration is something of value given up for something else of value. A contract is not valid without valid consideration. Whilst consideration may consist of a right, interest, profit or benefit accruing to the promisor, it must always consist of some forbearance, detriment loss or responsibility given, suffered or undertaken by the promisee. For example in the case of Haigh V. Brooks (1839) Haigh had the right to sue Brooks, but said that he wouldn't if Brooks paid him some money. Haigh didn't sue and Brooks didn't give him any money. The question was...
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