Buy custom Consideration - Business Law
Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
4 / 909 |
Essay's paper body
This is the exception to the rule of the privity of contract.
Dunlop Pneumatic Tyre Company v Selfridge.
Dunlop --------------------------------------Drew
Tire Manufacturer -----------------Tire Wholesale and dealer
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The term of the contract was |
Not to sell any tires below $5.00 each |
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Selfridges
Bought the tires from Drew and sold below $ 5...
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When X could not pay, the finance Company sued Y.
Held: Finance Company can sue Y.
Consideration can be nominal.
What this means is that 5 cents is still good consideration. As long as the court can quantify, this suffices for consideration.
Thomas v Thomas.
Thomas senior was dying. He did not make a will...
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