What is the ratio in Thomas v Thomas?

The ratio is that consideration must be sufficient (have some legal value) but need not be adequate (equivalent in economic value to what is received in return).

What did the court decide in Thomas v Thomas?

The court decided that £1 annual rent was valid consideration despite being inadequate compared to the house's value, allowing Mrs Thomas to remain.

Why is Thomas v Thomas important for contract law?

It established the fundamental principle that courts will not assess whether consideration is adequate, only whether it is sufficient, giving parties freedom to make their own bargains.

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