Unformatted text preview: Consideration can be an implied promise, made in good faith. Rational: The court held that there was consideration on both parties. Lady Duff agreed to give him her full use of name, and basically manage her brand name. Woods promised to work with what he got in good faith (otherwise it would be valueless), and share the profits 50/50. Holding: Even if consideration isn’t spelled out in a contract, if it was imperfectly expressed, then there is enough consideration. Synthesis: Dissent/Concurrences:...
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This note was uploaded on 12/20/2011 for the course CONTRACTS 111 taught by Professor Dellinger during the Fall '11 term at Western State Colorado University .
- Fall '11