Hey there! Sign in to join this conversationNew here? Join for free to post

Contract Law Problem Question Help PLEASE!!!

Announcements Posted on
Why bother with a post grad? Are they even worth it? Have your say! 26-10-2016
    • Thread Starter


    I am so confused with regards to Consideration in a problem question.

    R promised his friends S, T and U to sponsor their participation in a Lands End to John O’Groats bicycle ride in aid of the Contract Lecturers’ Benevolent Fund. S lacked the funds to buy a suitable bicycle so R lent him £600 on terms that S would repay him at the rate of £100 per month after the sponsored ride had been completed. Six months later S was three months in arrears with his payments and told R that he had lost his job and could only pay £50 per month for the time being. R agreed to accept £50 per month but after S had made two payments R heard that S had won a large sum in a lottery. R wished to claim the balance of the sum still owing immediately.
    Advise R.

    What part of consideration is this referring to? Is it referring to an existing contractual duty or a discharge of existing financial obligations? If anyone can help I'd be most grateful, thanks!
Write a reply…


Submit reply


Thanks for posting! You just need to create an account in order to submit the post
  1. this can't be left blank
    that username has been taken, please choose another Forgotten your password?
  2. this can't be left blank
    this email is already registered. Forgotten your password?
  3. this can't be left blank

    6 characters or longer with both numbers and letters is safer

  4. this can't be left empty
    your full birthday is required
  1. Oops, you need to agree to our Ts&Cs to register
  2. Slide to join now Processing…

Updated: May 3, 2016
TSR Support Team

We have a brilliant team of more than 60 Support Team members looking after discussions on The Student Room, helping to make it a fun, safe and useful place to hang out.

Cats: Yay or nay?

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.