Question: Produce a reasoned argument in favour of changing or reforming any rule or doctrine which you have come across in the English law of contract.
Answer: In its most basic form Consideration is, as defined by Lord Dunedin in Dunlop Pneumatic Tyre Co., Ltd. v. Selfridge & Co., Ltd.: \" An act or forbearance of the one party, or the promise thereof, (as) the price for which the promise of the other is bought, and the promise thus given for value is enforceable...” and is regarded as a single test of intention of the parties to be bound by the contract. An area of law, where faced with criticism or questions of its functionality, should be open to review and reform and, though long viewed as one of the necessities of building a contract within the English law, its established place within the law should not leave it exempt from scrutiny.......(short extract)
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Details: - Mark: 71% | Course: Contract Law | Year: 2nd/3rd | Words: 1507 | References: No | Date written: Not available | Date submitted: May 10, 2010 | Coursework ID: 606
