Who said that, "Consideration is the price for which the promise of the other is bought and the promise…
The quoted description of consideration is attributed to Sir Frederick Pollock. It treats consideration as the price given in exchange for the other party's promise, so that…
Choose your answer
Who said that, "Consideration is the price for which the promise of the other is bought and the promise thus given for value is enforceable."?
Answer and explanation
Correct answer D
The quoted description of consideration is attributed to Sir Frederick Pollock. It treats consideration as the price given in exchange for the other party's promise, so that the promise is supported by value. Lord Dunedin expressly adopted Pollock's formulation in Dunlop Pneumatic Tyre Co. v. Selfridge & Co.
Practice for these exams
-
All India Bar Examination (AIBE)
Subject revision
See pack details on LawMint.net -
UGC NET Law
Subject revision
See pack details on LawMint.net -
IIT Kharagpur LL.M. Entrance
Subject revision
See pack details on LawMint.net -
RPSC Junior Legal Officer
-
CLAT PG
Subject revision for a passage-based exam
-
CUET PG Law (LL.M.)
Subject revision
-
AILET PG
Subject revision
-
Supreme Court Law Clerk and Research Associate
Subject revision
-
Bihar Judicial Services
Subject revision
-
Uttarakhand Judicial Services
Subject revision