Legal Issue: A Case Study Of William E. Story
Issue: William E. Story promised William E. Story II $5000 in exchange that William E. Story II needed to give up drinking alcohol, swearing, using tobacco, and gambling until he turned 21. William E, Story II fulfilled the promise with his uncle. Does that constitute valid consideration?
Rule: Consideration may include in some right, interest or benefit accruing to the one who makes the promise. Consideration also may consist some forbearance or responsibility suffered by the one who is promised. The forbearance is good consideration if the promise agrees to give up his/her legal right to engage in activities such as drinking alcohol or using tobacco.
Application: Abstaining from legal activities is a legal right’s forbearance and constitutes
Rule: Consideration may include in some right, interest or benefit accruing to the one who makes the promise. Consideration also may consist some forbearance or responsibility suffered by the one who is promised. The forbearance is good consideration if the promise agrees to give up his/her legal right to engage in activities such as drinking alcohol or using tobacco.
Application: Abstaining from legal activities is a legal right’s forbearance and constitutes