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Contract or gratuitous promise: the need for consideration
https://blog.firstreference.com/contract-or-gratuitous-promise-the-need-for-consideration/
Web ResultMar 6, 2015 · One example that he used was walking into class, admiring a student’s shirt, and offering them $1,000,000 for it. If the student accepted the offer, then a binding contract would exist, since both parties would be receiving consideration (a benefit) from the other.
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Gratuitous Promise - University of Waterloo
https://ece.uwaterloo.ca/~dwharder/epel/Lecture_materials/Gratuitous_promise.pdf
Web ResultExample. For example, a used-car salesman may promise to throw in an AM-FM radio in order to get a customer who has just purchased a car but then had buyer’s remorse. As the salesman does not get anything for the radio, it is a gratuitous promise which need not be delivered.
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Contracts I Outline - Lewis & Clark Law School
https://law.lclark.edu/live/files/25467-contracts-i
Web ResultGratuitous promises. lack consideration when there is no exchange or reliance on the promise or forbearance. Maughs v. Porter, Virginia Court of Appeals, 1931. 6. A . gift. lacks consideration unless the giver has intent AND delivers, thus creating an executed contract. A mere . condition. of a gratuitous promise lacks …
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Kirksey v. Kirksey | Case Brief for Law Students | Casebriefs
https://www.casebriefs.com/blog/law/contracts/contracts-keyed-to-knapp/enforcing-promises-bases-of-legal-obligation/kirksey-v-kirksey-2/
Web ResultThe Court finds Defendant’s promise to be gratuitous and will not enforce it due to lack of consideration. It may be that the court was reluctant to interfere in a family dispute. Today, the facts presented in this case would likely be analyzed under promissory estoppel. Hundreds of to-the-point Topic videos.
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Bargain or Gift? – Contracts Doctrine, Theory and Practice - CALI
https://verkerkecontractsone.lawbooks.cali.org/chapter/bargin-or-gift/
Web Result“The intention to give must be accompanied by a delivery, and the delivery must be made with the intention to give.” Otherwise there is only an intention or promise to give, which, being gratuitous, would be a mere nullity.
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“LAW &” GRATUITOUS PROMISES - University of Illinois …
https://illinoislawreview.org/wp-content/ilr-content/articles/2007/3/Prentice.pdf
Web ResultRobert A. Prentice*. The refusal to enforce gratuitous promises absent consideration is one of the foundations of contract law. The rationales with which courts and scholars supported this traditionalist view—the eviden-tiary, cautionary, and channeling functions of consideration—have been framed and analyzed in …
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gratuitous promise Definition, Meaning & Usage | Justia Legal …
https://dictionary.justia.com/gratuitous-promise
Web ResultDefinition of "gratuitous promise". An unrequited commitment that is generally unenforceable due to the absence of an exchange of value. How to use "gratuitous promise" in a sentence. The wealthy uncle made a gratuitous promise to pay off her student loans, but she knew there was no legal obligation for him to do so.
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The Gratuitous Noncommercial Promise Introduction - Open …
https://opencasebook.org/casebooks/246-contracts-cases-and-materials/resources/4.13.1-the-gratuitous-noncommercial-promise-introduction/
Web ResultA few examples may suffice. Such promises are often made impulsively and with little reflection. The ingratitude of the donee may later cause the donor to regret his promise, as may a change in the donor's circumstances. There is also a risk that the donor was the victim of fraud or undue influence.
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Gratuitous Promises | SpringerLink
https://link.springer.com/referenceworkentry/10.1007/978-1-349-74173-1_163
Web ResultJan 1, 2017 · Gratuitous Promises. Andrew Kull. Reference work entry. First Online: 01 January 2017. 56 Accesses. 1 Citations. Abstract. It is standard doctrine in Anglo-American contract law that a promise is not enforceable without ‘consideration’: normally, a quid pro quo for which the promise was exchanged.
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“Law &” Gratuitous Promises : University of Illinois Law Review
https://illinoislawreview.org/print/volume-2007-issue-3/law-gratuitous-promises/
Web ResultApr 30, 2007 · “Law &” Gratuitous Promises : University of Illinois Law Review. by Robert A. Prentice. Apr 30, 2007 2007 U. Ill. L. Rev. 881 Download. The refusal to enforce gratuitous promises absent consideration is …
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