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Essay

Collateral Contract

Essay specific features

 

Issue:

Business

 

Written by:

Vernon H

 

Date added:

February 4, 2013

 

Level:

 

Grade:

A

 

No of pages / words:

9 / 2374

 

Was viewed:

7906 times

 

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Essay content:

To remain current, the broadening of its application is essential. To support my argument, I will discuss: ? The concept of collateral contract; ? When collateral contract may be argued; and ? The limitations upon the likelihood of its success in the Australian courts. COLLATERAL CONTRACT DEFINED The concept of collateral contract may be defined as ?a contract where the consideration is entry into another contract, and co-exists side by side with the main contract'...
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A promise that was not included in the principal contract may be enforced as a collateral contract, as clearly illustrated by Lord Moulton in Helibut, Symonds & Co v Buckleton: ?It is evident, both on principle and on authority, that there may be a contract, the consideration for which is the making of some other contract...
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