Statute of Frauds and the Doctrine of Consideration
# Statute of Frauds and the Doctrine of Consideration

Statute of Frauds and the Doctrine of Consideration (1937) Cmnd 5449 was a report by the Law Revision Committee on the consideration and formality in English contract law and other areas. It did not recommend abolition of the doctrine of consideration but made a series of recommendations to overturn the existing restrictions that had been developed by some common law courts.

## Overview

The Law Revision Committee recommend the following transactions should be binding per se.

* promises in writing
* promises for past consideration
* promises to accept part payments of debt to discharge the whole
* promising to do what one is already bound to do
* firm offers, where it is open for a period
* promises detrimentally relied on by the promise, where the promisor should have known reliance would happen
