GMGT 2060 Lecture Notes - Lecture 36: Equitable Remedy

If the sailor promises to do another duty then the sailor would have to be paid higher. If the sailor just wanted to get paid and not work then they would have to use a nominal form of consideration: small amount of money, ex. , a peppercorn, the seal (stamp): seal: element of consideration has been covered, nominal (token) forms of consideration are sufficient for common law. Giving a dollar or a seal to confirm: for equity law, substantial considerations. If seeking an equitable remedy you need a transfer of a substantial consideration: you convert a gratuitous contract into an enforceable agreement through one of these methods. Courts do not investigate the consideration, but just the fact that it exists.