LAWS 2202 Lecture 7: lecture 7
14 Dec 2019
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Document Summary
Does not have to be an equal exchange you are allowed to make a bad deal. Facts: actions for extra seaman"s wages promised to cover for 2 deserters. Issues: whether agreement reached was against public policy and therefore void and enforceable. Case: central london v. high trees (1947, ukkb, p. 235) Facts: letter agreement to pay reduced rent originally agreed to in a formal land lease (under seal) Issues: whether letter agreement could supersede sealed leased agreement for land, and whether consideration was given for the letter agreement. Ratio: doctrine of promissory estopple applied court won"t allow plaintiff to go back on its promise even if no consideration paid for it. Case: gilbert steel v. university (1976, oca, p. 237) Facts: parties already found to a contract agreed to an increase in the price of steel. Issues: whether there was consideration given for the promise to pay an increased price of steel.
