Consideration and Financial crisis: Difference between pages

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imported>Doug Williamson
(Expand in relation to Scots law. Source: UK Supreme Court reports 2015, cited in John Grout's email of 11 March 2015.)
 
imported>Doug Williamson
(Add link.)
 
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1. ''Contract law.''
1.


A required element in a contract under English law by which something of value, including a promise, is exchanged for the act or promise of another.
The Global Financial Crisis which started in 2007/08.


Note that other legal systems may differ significantly.  For example in Scots law a unilateral undertaking that is intended to have legal effect, such as a promise, is binding without consideration passing from the recipient of that promise.


2.


2.  
Similar widespread events, usually on at least a national level.


More generally, thoughtfulness and sensitivity towards others.
For example, the Greek financial crisis.
 
 
3.
 
To act with courtesy and consideration is one of the principles of the ACT's Ethical Code.




== See also ==
== See also ==
* [[ACT Competency Framework]]
* [[COVID-19 recession]]
* [[ACT Ethical Code]]
* [[Credit crunch]]
* [[Consensus in idem]]
* [[European Financial Stability Facility]]
* [[Contract]]
* [[European Stability Mechanism]]
* [[Courtesy]]
* [[Global Financial Crisis]]
* [[Quid pro quo]]
* [[Great Depression]]
* [[Lehman]]


[[Category:Compliance_and_audit]]
[[Category:The_business_context]]
[[Category:Ethics]]
[[Category:Treasury_operations_infrastructure]]

Revision as of 01:06, 22 April 2020

1.

The Global Financial Crisis which started in 2007/08.


2.

Similar widespread events, usually on at least a national level.

For example, the Greek financial crisis.


See also