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What is "Consideration" in Contract Law?

  Рет қаралды 48,157

What Is Law Even

What Is Law Even

Күн бұрын

Let's talk about the weird little doctrine of consideration, which forces us to make agreements that benefit each other.
Note: in practice, the doctrine operates weirdly, but stay tuned for the case summary of Williams v Roffey Brothers for more! ^^
~
To check out all my videos, comics, and blog posts explaining law in simple terms, check out my website at whatislaweven.com ^^

Пікірлер: 29
@blakebailey8538
@blakebailey8538 11 ай бұрын
Thank you. Law school tries to "hide the ball." This is the first time I've gotten a straight forward explanation of the concept of consideration.
@jackyvera1233
@jackyvera1233 2 жыл бұрын
thank you so much! I loved the way you explained everything! I'm so surprised you don't have more followers!
@tylerfields7279
@tylerfields7279 2 ай бұрын
Studying business law for CPA exam and this was super helpful.. thank you!!
@LenaAudrey
@LenaAudrey Жыл бұрын
Extremely thoughtful of you to add the case law studies 👏🏽
@weyss9720
@weyss9720 3 жыл бұрын
man u are just... so helpfullllll imma cry now
@otavioferreira7175
@otavioferreira7175 7 ай бұрын
Sou um estudante de direito da ufmg, no Brasil. Muito obrigado por explicar contract law de modo que até uma criança entenda. Eu estava precisando exatamente disso.
@p0ggles775
@p0ggles775 3 жыл бұрын
Woooow your videos are so well produced and easy to understand! thank you!!
@WhatIsLawEven
@WhatIsLawEven 3 жыл бұрын
Humbled to hear, really! Glad they've helped you in some way; if you have any thoughts on how to improve them, please do let me know :)
@lonniedunn3099
@lonniedunn3099 Жыл бұрын
This was very helpful and I enjoyed the drawings as well
@kolehollis5852
@kolehollis5852 4 ай бұрын
What if it's a promise in exchange for a promise? There is no direct exchange of money involved but let's say you are promising to do something and the other party is making a promise to do something as well?
@heheguysharme9701
@heheguysharme9701 2 жыл бұрын
Super animation and drawings are very good Thank you ,keep it up
@user-oi1ll7hq7p
@user-oi1ll7hq7p Жыл бұрын
🆗
@mjw9612
@mjw9612 2 жыл бұрын
Great explaination! Thanks!
@audreys8739
@audreys8739 5 ай бұрын
that's so good bro!!
@Sujiang505
@Sujiang505 10 ай бұрын
omg I love your videos sooo much!!❤
@anandhiammu5244
@anandhiammu5244 26 күн бұрын
Really ur videos are super
@teresawong3700
@teresawong3700 Жыл бұрын
hi, may I know what if the party A agrees to transfer party B money, and party B said she will deliver the cake for party A once she make the payment. Then party A transfer party B money for the cake, and in this consideration what's case study that we can write about?
@johnfranco1482
@johnfranco1482 9 ай бұрын
What if you agree to the varation of the contract??
@kumardorainaidu1871
@kumardorainaidu1871 3 жыл бұрын
Hi bro why deed convey has less than $500 which means explain
@amandalim352
@amandalim352 Жыл бұрын
♡ your video 👌
@ralmustafa9395
@ralmustafa9395 11 ай бұрын
Please make notes of the information conveyed in the video
@chereiberry07
@chereiberry07 9 ай бұрын
So what’s the value of our morals?
@RlyehIsRisen
@RlyehIsRisen 3 жыл бұрын
What about in photography on property release forms?, what do I put down for Valuable Consideration?. I sell stock photography.
@user-jn9pg8gs1p
@user-jn9pg8gs1p 7 ай бұрын
I am not sure but photograph 's market value will be as a consideration
@nowaytony9179
@nowaytony9179 11 ай бұрын
Wanna ask whos the third party benefited from the marriage case. Anyone knows it?@@
@______6
@______6 10 ай бұрын
The case established the principle that consideration can be provided by a third party at the promisor's request and for the promisor's benefit. Consideration can move from a third party, not just the promisee if it fulfils the above requirements .(n this case, it was because the father died before the marriage occured)
@Deeebz_
@Deeebz_ 5 ай бұрын
Chukwudi, a final year law student began selling his properties in January 2015 in the excitement of leaving school. He sold his HP Laptop computer to Emeka for N80, 000 . Emeka paid N50,000 instantly and promised to pay the balance N30, 000 in April 2015. Early in March 2015, Chukwudi damaged his friend’ s car and could not raise money to effect the repairs. He went to Emeke with a promise that if Emeka could pay N15,000 before mid-March he would forfeit the balance. Emeka paid promptly. Now Chukwudi is in need of money to travel home and he is pestering Emeka for the balance of N15,000 . You are representing Emeka in the LAWSA Jural Court where the case is being heard. State the position of the law and write out your argument on his behalf.
@Deeebz_
@Deeebz_ 5 ай бұрын
Please answer this question 🤲🏾
@AquaJV
@AquaJV 4 ай бұрын
No, lol.
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