Those supermarket parking charges.

This is getting tedious.

The consideration that Parking Eye gives to the motorist is the use of a parking space for up to two hours.

The consideration that the motorist gives to Parking Eye is that he will vacate that place after two hours, or incur the stated charge.
 
In contract law consideration is concerned with the bargain of the contract. A contract is based on an exchange of promises. Each party to a contract must be both a promisor and a promisee. They must each receive a benefit and each suffer a detriment. This benefit or detriment is referred to as consideration.

Consideration must be something of value in the eyes of the law - (Thomas v Thomas) (1842) 2 QB 851. This excludes promises of love and affection, gaming and betting etc. A one sided promise which is not supported by consideration is a gift. The law does not enforce gifts unless they are made by deed.
 
The value is a parking space.

Do you know how much a parking space is worth in a busy city Joey?
 
Still got 42 days to appeal. I'll let you know when it is actually lodged.
 
Consumer watchdog Which? expressed dismay over today's ruling.

Executive director Richard Lloyd said: "We are concerned this decision waters down the law on penalty charges and may encourage excessive default charges across a wide range of consumer markets.

"Given the possible ramifications of this case for all consumers, we will be looking to intervene again in the Supreme Court hearing."
 
Consumer watchdog Which? expressed dismay over today's ruling.

Executive director Richard Lloyd said: "We are concerned this decision waters down the law on penalty charges and may encourage excessive default charges across a wide range of consumer markets.

"Given the possible ramifications of this case for all consumers, we will be looking to intervene again in the Supreme Court hearing."
You just keep us posted Joey, there's a good lad.

And don't forget your little pearls concerning contract law either. Riveting stuff.
 
Sorry you don't understand them mate. Never mind eh?
 
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