Essay Available:
Pages:
6 pages/≈1650 words
Sources:
15 Sources
Style:
APA
Subject:
Law
Type:
Research Paper
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 31.1
Topic:
Consideration is no Longer About Benefit and Detriment Anymore
Research Paper Instructions:
- The coursework will be assessed for identification of issues, research, analysis, reasoning, citation style, expression and overall structure.
- No limit on source, but please use sources that I will be able to find online.
I am sorry for the trouble, but I forgot to add to ask the writer to use footnotes. Is it possible to add it in the order for me?
Research Paper Sample Content Preview:
Consideration is no longer about benefit and detriment anymore
Student:
Professor:
Course title:
Date
In deliberations concerning law, there have been myriads of changes that emanate from different perspectives in a bid to accommodate changing times. In order for one to be line with changing times, it would be crucial to acknowledge such constant changes and to appreciate the different courses that law take. Such changes have occurred in different fields that touch on law. In contract law, there have been changes concerning the aspects that are considered. As it is understood, for a long time, there has been traditional consideration of benefits and detriment.However, with changing times; there have been changes that must be appreciated, in the sense that, the consideration is no longer concerned only with benefit and detriment.[Benson, P. (2011). THE IDEA OF CONSIDERATION. University Of Toronto Law Journal, 61(2),: 248]
Consideration
Consideration plays a crucial role in contract; in as far as law is concerned. This view emanates from the realization that; without such consideration, a contract would no longer be enforceable. It therefore becomes inevitable to deliberate on considerations in any given contract as per law. It is crucial to appreciate that; there have been different views concerning upholding of consideration of benefit and detriment. Some scholars are for upholding such tradition while the progressive types are of the opinion that; such should not be the only aspects of consideration. Both sides have valid reasons for their side of view. However, with consideration of changing times, it would not hold much water to stick to old traditional methods of contract consideration. But still, such change of perception should also be accompanied by valid reasons for the same. It would not be logical to just embrace change just for the sake of doing so.[Benson, P. (2011). THE IDEA OF CONSIDERATION. 61(2): 2464] [DURRANT, C. (2013). TO BENEFIT OR NOT TO BENEFIT: MUTUALLY INDUCED CONSIDERATION AS A TEST FOR THE LEGALITY OF UNPAID INTERNSHIPS. :178.]
Before deliberating on the adopted changes that; benefit and detriment should not be the only, it would be crucial to first discuss the essence of consideration. As earlier said, consideration gives contract the ability to be easily enforceable in as far as law is concerned. Consideration can be sad to be price paid for another promise. As such, consideration may take different forms mainly depending with the contract and the parties involved. Consideration could be in form of money, property or a promise. It could also entail engaging in an act or failure to engage in a certain act. All these must be in line with requirement or the nature of contract.[KovaÄ, M., & Vandenberghe, A. (2015). Regulation of Automatic Renewal Clauses: 293. doi:10.1007/s10603-015-9286-4]
For instance, if someone agrees to sell an item to another for a given amount of money, giving of the amount or promising to give such an amount by the intended buyer can be said to be the consideration. Giving of the specified amount or promising to do is said to be consideration because; under usual circumstances, such a person (intended buyer) is not legally obliged to give such amount...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:
👀 Other Visitors are Viewing These APA Research Paper Samples:
- The topic is Challenges or recourse against the recognition and enforcement of an Internatio. . .11 pages/≈3025 words | 12 Sources | APA | Law | Research Paper |
- Future of Law Practice1 page/≈275 words | 3 Sources | APA | Law | Research Paper |
- Why the Constitutional Right to Marry is an Upper Tier Right3 pages/≈825 words | 3 Sources | APA | Law | Research Paper |
- Psychology and Law6 pages/≈1650 words | 5 Sources | APA | Law | Research Paper |
- Deterrence and Rational Choice Theories8 pages/≈2200 words | 5 Sources | APA | Law | Research Paper |
- Capstone Research Paper/Legalizing Marjiuana5 pages/≈1375 words | 12 Sources | APA | Law | Research Paper |
- Draft a Treaty4 pages/≈1100 words | 1 Source | APA | Law | Research Paper |