Consideration does not have to be adequate or commercially realistic, nor does it have to be expressed in monetary terms, it merel needs to be suflicient”. Discuss the accuracy of this statement.

Your answer should include a detailed explanation of “nominal”

consideration and “suflicient” consideration and how these legal concepts interact in cases like William v Roffey Bros & Nicholls
(Contractors) Ltd [1991] 1 QB 1.

Your assignment should also discuss whether Australian contract law should (or should not) provide greater

clarity as to what is (or is not) sufficient consideration.

The assignment must include footnotes, a bibliography and a synopsis.
The assignment must be printed on one side only of A4 paper with 1.5 or double spacing.

The references used must be of relevance to Australian

Law.

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