How does the exchequer chamber define consideration, Business Law and Ethics

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How does the exchequer chamber define consideration

Problem

The opinion of Hamer v. Sidley (124 NY 538),

• How does the Exchequer Chamber define "Consideration? How is it different from the Restatement (Second) definition?

• How does the court analyze Consideration?

• Does your analysis of Consideration change if the same facts are applied today, but his uncle knew he smoked marijuana to ease the pain of a debilitating disease prior to making the promise?

• Discuss whether any Consideration substitutes apply to make the contract enforceable.

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Business Law and Ethics: How does the exchequer chamber define consideration

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Business Law and Ethics: How does the exchequer chamber define consideration

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