Currie V Misa Impact

Summary

Currie v. Misa (1875) is a landmark case in contract law that clarified the concept of consideration. The ruling established that consideration must be something of value in the eyes of the law, which can involve a benefit to one party or a detriment to the other. This case is significant as it helped define the parameters of what constitutes valid consideration in contractual agreements. Understanding this case is crucial for comprehending how consideration functions within contract law.