... Pollock states: 'An act of forbearance of one party, or the promise thereof, is the price for which the promise of the other is bought, and the promise thus given for value is enforceable1.' For the consideration to be valid it must have the following features:> Consideration must 'move from' the offeree to the offeror.> It must be something of value (however nugatory) to the offeror, or something of detriment to the offeree.> Consideration must be sufficient in law, but need not be sensible.> It must usually impose an obligation in the future; it is not usually adequate to base an offer on some consideration that was gained in the past. If no consideration is present, then the contract may not be enforceable, even if it contains a clause to the effect that it should be enforceable2. It is also very clear in law that consideration may be meagre or even ...

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