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- W2773199602 abstract "Consideration, long considered an essential element of contract formation, is not a thing. It is so nebulous, so shape-shifting, and ultimately so arbitrarily defined and deployed by courts that it cannot be said to be a meaningful or predictable element of contract law doctrine. The doctrine of consideration is fascinating for a number of reasons but perhaps none more so than the fact that it is a zombie theory – it should have died long ago, and yet it keeps shambling along. So it was with considerable excitement that I and other “common sense” professors of contract law awaited the Ontario Court of Appeal’s decision in Richcraft Homes Ltd. v Urbandale Corporation. In Richcraft, the Ontario Court of Appeal peered fearlessly into consideration’s empty, lifeless eyes, but just as it was poised to finally vanquish consideration forever, the court blinked, allowing consideration to live another day. Regrettable as this is, it gets worse. For not only did the court miss an important opportunity to rid contract law of the scourge of consideration. In allowing consideration to remain among the walking dead, the court may have invented the least convincing, most farcical rationalization yet for consideration’s continued existence." @default.
- W2773199602 created "2017-12-22" @default.
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- W2773199602 date "2017-10-03" @default.
- W2773199602 modified "2023-09-22" @default.
- W2773199602 title "The Zombie Theory of Contractual Consideration: Richcraft Homes Ltd. v Urbandale Corporation" @default.
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