Consideration in the modification of contracts - should time now be called?

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Abstract

The abolition of the doctrine of consideration in the formation and modification of contracts has been hotly debated for many years. In the essay collection dedicated to the memory of Professor Jill Poole it was suggested that in the modification of contracts the pre-existing duty and part payment of debt rules could be replaced by an estoppel-based theory. The recent decision of the Singapore Court of Appeal in Ma Hongjin v SCP Holdings suggests that maintenance of the status quo and calling time on this debate might be preferable.
Original languageEnglish
Pages (from-to)405-413
JournalJournal of Business Law
Volume2021
Issue number5
Publication statusPublished - 01 Jun 2021

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