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Recent changes have made the doctrine of consideration obsolete. Discuss.
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| Submitted: Mon Jun 19 2006
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Contract Law: Assignment #2 Rakesh Gangwani Q.43 p.8 (2000) DIL0306016 (sect H) "Recent changes have made the doctrine of consideration obsolete." Discuss. Note: Check for EU law updates... Consideration has travelled a long and treacherous path since Justice Lush's benefit/detriment definition in Currie v Misa. The doctrine has undergone rigorous changes over the years and today is defined by most as "the price that one pays for the promise of the other" as stated by Lord Dunnadin in Dunlop Pneumatic Tyre v Sefridge; later reaffirmed in Chappel v Nestle. Despite the various consensuses on the matter however, the true definition, and often, the very necessity of the doctrine still is and almost always has been in continued contention. It is for this reason that consideration has gathered a considerable amount of criticism of from judges and scholars alike over the years. One of the most notable of these critics was Professor...
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