The purpose of this article is to explain the key rules relating to consideration in contract. Relevant cases are cited but, in most instances, not described, the intention being that you should read them yourself in a textbook or website after reading this article.
In the online surround coverage to accompany this article, I will also consider privity of contract and promissory estoppel, two topics that are closely related to consideration. I will also critically evaluate the rules relating to consideration.
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