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(p. 100) 4. Consideration 

(p. 100) 4. Consideration
(p. 100) 4. Consideration

M P Furmston

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date: 25 January 2020

This chapter first discusses the function and definition of the doctrine of consideration, a unique feature of the Common Law, and then examines the technical rules that judges have evolved for the application of their doctrine of consideration. Consideration is classified into two categories, executory and executed. The classification reflects the two different ways in which the plaintiff may buy the defendant’s promise. Consideration is called executory when the defendant’s promise is made in return for a counter-promise from the plaintiff, and executed when it is made in return for the performance of an act.

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