consideration

Wood v. Lucy, Lady Duff-Gordon

222 N.Y. 88 (1917) One-Sentence Takeaway: In exclusive agency or output/requirements contracts, courts will imply a promise to use reasonable…

2 weeks ago

Adequate Consideration

The return that a promisor receivers for his or her promise, where all contracting parties receive each other's promises as…

2 weeks ago

Angel v. Murray

Citation: 322 A.2d 630 (R.I. 1974). Summary: City of Newport (Plaintiff) had entered into a 5-year contract with Defendant to collect garbage…

3 weeks ago