English Contract Law General Principles

• Consideration must be sufficient, but need not be adequate. This means that the…

• Where a relevant act or omission is specifically requested by the promisor, the…

• As a general rule, part payment of a debt will not extinguish the debt, unless…

• A relevant act or omission must not have taken place before the promise for payment is made. Past consideration is usually not…

• A relevant act or omission will usually not be considered good consideration…

• The equitable doctrine of “promissory estoppel” may operate to prevent a party…