(a) Consideration in Business Law can be defined as “something of value in the

Question: (a) Consideration in Business Law can be defined as “something of value in the eye’s of the law”, but consideration is not a critical factor factor to any contractual obligations and as such, it has to be ignored in any contract. Critically discuss this statement, with the following requirements; Five (5) applicable case laws on the subjectSee the answerSee the answerSee the answer done loading(a) Consideration in Business Law can be defined as “something of value in the eye’s of the law”, but consideration is not a critical factor factor to any contractual obligations and as such, it has to be ignored in any contract.

Critically discuss this statement, with the following requirements;
Five (5) applicable case laws on the subject matter.
State clearly
The issue
Basic facts of the Cases
The Judgement
(b) With respect to the doctrine on Consideration, Past Consideration is ‘irrelevant’

Critically discuss this statement, with the following requirements;
Three (3) applicable case laws on the subject matter
State clearly
The issue
Basic facts of the Cases
The Judgement
100% (1 rating)Answer: Consideration means something of value that has been bought by the other. A benefit given to a decision maker added by one party to replace the appointment with another The value of the term may be non-monetary as long as the value has one li…View the full answer