In the case Currie v Misa (1875) Lush J said, “A valuable consideration, in the sense of the law, may consist either in some right, interest, profit, or benefit accruing to the one party, or some forbearance, detriment, loss or responsibility, given, suffered, or undertaken by the other..” Discuss the importance of Consideration with regard to the validity of a contract and the rules relating to Consideration, using the relevant case law to support legal theory and principles. Format: Essay-type, Harvard referencing. For more information on Commercial Law check on this: https://en.wikipedia.org/wiki/Commercial_law
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