Contracts Involve More than Promises, Promises

Contracts Involve More than Promises, Promises

You may have heard of the legal requirement that to enforce a contract, a person needs to show that he has given value; that he has given something in exchange for the promise. In legal terms, he must have provided consideration. Consideration involves the idea that the law only forces bargains wher...

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Main Authors: LOW, Kee Yang, Ong, Patricia
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 1995
Subjects:
Law
Online Access:https://ink.library.smu.edu.sg/sol_research/427
https://ink.library.smu.edu.sg/context/sol_research/article/1426/viewcontent/auto_convert.pdf
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Institution: Singapore Management University
Language: English
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spelling sg-smu-ink.sol_research-14262015-02-01T09:06:06Z Contracts Involve More than Promises, Promises LOW, Kee Yang Ong, Patricia You may have heard of the legal requirement that to enforce a contract, a person needs to show that he has given value; that he has given something in exchange for the promise. In legal terms, he must have provided consideration. Consideration involves the idea that the law only forces bargains where something is given for something, not bare promises. Yes, consideration is vital, as a recent Singapore Court of Appeal decision shows. In that case, the entitlement to more than S$100,000 in commission depended on the issue of consideration. 1995-01-01T08:00:00Z text application/pdf https://ink.library.smu.edu.sg/sol_research/427 https://ink.library.smu.edu.sg/context/sol_research/article/1426/viewcontent/auto_convert.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection Yong Pung How School Of Law eng Institutional Knowledge at Singapore Management University Law
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic Law
spellingShingle Law
LOW, Kee Yang
Ong, Patricia
Contracts Involve More than Promises, Promises
description You may have heard of the legal requirement that to enforce a contract, a person needs to show that he has given value; that he has given something in exchange for the promise. In legal terms, he must have provided consideration. Consideration involves the idea that the law only forces bargains where something is given for something, not bare promises. Yes, consideration is vital, as a recent Singapore Court of Appeal decision shows. In that case, the entitlement to more than S$100,000 in commission depended on the issue of consideration.
format text
author LOW, Kee Yang
Ong, Patricia
author_facet LOW, Kee Yang
Ong, Patricia
author_sort LOW, Kee Yang
title Contracts Involve More than Promises, Promises
title_short Contracts Involve More than Promises, Promises
title_full Contracts Involve More than Promises, Promises
title_fullStr Contracts Involve More than Promises, Promises
title_full_unstemmed Contracts Involve More than Promises, Promises
title_sort contracts involve more than promises, promises
publisher Institutional Knowledge at Singapore Management University
publishDate 1995
url https://ink.library.smu.edu.sg/sol_research/427
https://ink.library.smu.edu.sg/context/sol_research/article/1426/viewcontent/auto_convert.pdf
_version_ 1772829344424525824

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