Another Quote by Frederick Pollock
“Have you ever found any logical reason why mutual promises are sufficient consideration for one another (like the two lean horses of a Calcutta hack who can only just stand together)? I have not.”
About This Quote
Source Philosophical essay: Considerations in Contract Law, 1912
Mutual promises alone may not constitute sufficient legal consideration without additional value exchange.
In simple terms: Promises need more than just agreement.
Key Takeaway
Ensure exchanges are mutually valuable.
Themes
contract law
consideration
mutuality
legal theory
Mood
analytical
critical
Type
legal
philosophical
When to use this quote
- business contracts
- personal agreements
- legal negotiations
Key Concepts
Economic exchange
fairness
jurisprudence
Questions to Reflect On
- What makes a promise legally binding?
- When does a promise become enforceable?
A Different Perspective
Legal systems often require tangible benefit.
