Ctrl-Alt-Dissent

consideration

  • Promissory Estoppel

    , ,

    Guest Post by Santa Clara Law 1L and Colleague: Phil Fox  An easy way to remember what promissory estoppel is could be to look at the first word and remember “promise.” Simply and quickly put, promissory estoppel is justified reliance on a promise. Broken down: Justified: a reasonable person would do the same based on…

  • Consideration and Forbearance

    , ,

    https://xkcd.com/501/ If there’s anything we’re supposed to take away from Contracts this semester, it’s that you cannot form a contract without a bargain for consideration. When creating a contract, there must be a negotiation between the promisor and the promisee. If I were to give you a promissory note that says in two years, I’ll…