Consideration

[Muhammad Amir]

Yes It will be legally binding as far as transaction has been freely entered into that is their is no question of duress, fraud, and misrepresentation.............the English case law for Suffeciancy of a Consideration is Thomas Vs Thomas.......where the exectutors provide a widow a chance to live in return of Pound 1 so that court of law held that this consideration(Pound 1) is suffeciant enough to validate the contract..........for Adequacy of consideration the authority English Case Law here is Chappel & Co. Vs Nestle....where court of law held that 3 wrappers of choclate is sufficiant enough to validate the contract altough there is no adequacy in it...