Ep. 2: Enforcing Promises

This episode focuses on the doctrine of consideration in contract law and how it is applied to enforce promises. It explores various legal doctrines, including the bargain theory of consideration, promissory estoppel, and the material benefit rule, providing examples from case law to illustrate how these principles are applied in practice. The text also discusses the role of reliance in contract law and the historical development of the consideration doctrine. It examines the complexities of enforcing promises in different contexts, such as charitable subscriptions and intrafamilial relationships, and explores the arguments for and against enforcing gratuitous promises. Finally, the text delves into the specific context of promises to insure, exploring how courts have dealt with the issue of reliance and consideration in such cases.

Sharing knowledge that empowers. Subscribe for weekly insights with Idris Soyinka.