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Discuss australian contract law should provide clarity

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Reference no: EM13838910 , Length: word count:2000

Consideration does not have to be adequate or commercially realistic, nor does it have to be expressed in monetary terms, it merely needs to be "sufficient".

Discuss the accuracy of this statement. Your answer should include a detailed explanation of "nominal" consideration and "sufficient" consideration and how these legal concepts interact in cases like Williams v Roffey Bros & Nicholls (Contractors) Ltd [1991] 1 QB

1. Your assignment should also discuss whether Australian contract law should (or should not) provide greater clarity as to what is (or is not) sufficient consideration.

Reference no: EM13838910

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