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"Consideration is an essential element of, and is necessary to the enforcement or validity of, a contract It follows from this rule that a promise not supported by any consideration cannot amount to a contract or be enforced, and that want or lack of consideration is an excuse for nonperformance of a promise or grounds for unilateral recession " 4

17A Am Jur 2

American Jurisprudence

United States

Cases Referring to this Case

Case Name †	Citation(s)	Court	Jurisdiction	Date	Full Text		Citation Index
Baulderstone Hornibrook Pty Ltd v Qantas Airways Ltd	[2003] FCA 174	Federal Court of Australia	Australia - Commonwealth	11 Mar 2003	AustLII		19
Harouni v Griegre	[2011] LRSC 21	Supreme Court of Liberia	Liberia	21 Jul 2011	LiberLII
Kafel v Intestate Estate of Barclay Cooper	[2010] LRSC 36	Supreme Court of Liberia	Liberia	30 Aug 2010	LiberLII
Tolbert v Cemenco	[2010] LRSC 13	Supreme Court of Liberia	Liberia	22 Jan 2010	LiberLII

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