Its an essay that should be of over 2000 words
1.Consideration need not be adequate or commercially realistic. It merely need to be sufficient.
Discuss what the term sufficient means in the context and whether the statement is accurate regarding Australian law.
Your answer should discuss, by referencing to reputable academic sources, what is meant by inadequate or nominal consideration and provide contrasting scenarios of what is and is not sufficient in the eyes of the law, citing the relevant cases and judicial decisions.
Purpose: To study and understand the relevant rules of consideration and the development of common law in regards to consideration.
Following things need to be addressed:
Explain the role of consideration in formation of a contract
Discuss what is meant by the keys words in the assignment topic.
Explain the development of the relevant law with regards to the assignments topic.
Refer to the appropriate law/cases in your explanation
Make appropriate observation on whether there are any existing problems or issues.
It must includes footnotes, a bibliography,Australian guide to legal citation for footnotes, reference and bibliography and must not employ an alternative method(eg. The Havard method).
Failure to include footnotes and bibliography in the required form may constitute breaches of plagiarism policy so please include.
A minimum of 6 sources is expected.
Advise you that at least 20 footnotes are desirable.