The Concept of Consideration in the Anglo-Saxon Legal Family: Rules and Exceptions

The article considers different provisions of the concept of consideration and exceptions to the rules of application of this concept. In particular, the author considers the definition and features of consideration, rules of its consistency, and contracts and agreements to which the concept of consideration is not applicable. The article provides the author's approach to the division of criteria of consideration consistency and to the determination of interrelation between the principle of contractual freedom and the concept of consideration. In addition, the author defines a special group of legitimated obligations to which the concept of consideration is not applicable because this concept is not applicable to contracts that give rise to such obligations. The article contains different doctrinal positions concerning the definition and features of consideration. Moreover, it makes an analysis of judicial practice with regard to the criteria of consideration consistency. Based on the general scientific and specific scientific methods of scientific cognition, the author came to a number of conclusions that may find their application in civil law science and law enforcement practice.

Contract, agreement, consideration, rules-criteria, exceptions, consistency, adequacy, promissory estoppels, domestic agreement, option contract

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