'This thing we call 'Consideration' in English Contract Law: Stabilisation, 'value' and the Will theory'

Abstract

This paper examines the doctrine of consideration in English Law and in particular tries to proffer an approach to the doctrine which aims to stabilise the same by ironing out inconsistent approaches to the doctrine. The article suggests a new approach to divining consideration in English Contract Law. In this regard this new approach seeks to build on the classical 'will theory' which traditionally underpins contract formation.