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Consideration is something of value and it is an essential part of a contract. Without consideration there is no contract. An agreement is not enforceable unless there is some consideration.
If you purchase a parcel of land from your sister for $5,000 the $5,000 is the consideration.
If your sister agrees to transfer the parcel to you in exchange for your cutting down and removing all the small trees on another lot for her, your act of labor is the consideration.
Consideration is something of value and it is an essential part of a contract. Without consideration there is no contract. An agreement is not enforceable unless there is some consideration.
If you purchase a parcel of land from your sister for $5,000 the $5,000 is the consideration.
If your sister agrees to transfer the parcel to you in exchange for your cutting down and removing all the small trees on another lot for her, your act of labor is the consideration.
Consideration is something of value and it is an essential part of a contract. Without consideration there is no contract. An agreement is not enforceable unless there is some consideration.
If you purchase a parcel of land from your sister for $5,000 the $5,000 is the consideration.
If your sister agrees to transfer the parcel to you in exchange for your cutting down and removing all the small trees on another lot for her, your act of labor is the consideration.
Consideration is something of value and it is an essential part of a contract. Without consideration there is no contract. An agreement is not enforceable unless there is some consideration.
If you purchase a parcel of land from your sister for $5,000 the $5,000 is the consideration.
If your sister agrees to transfer the parcel to you in exchange for your cutting down and removing all the small trees on another lot for her, your act of labor is the consideration.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoConsideration is something of value and it is an essential part of a contract. Without consideration there is no contract. An agreement is not enforceable unless there is some consideration.
If you purchase a parcel of land from your sister for $5,000 the $5,000 is the consideration.
If your sister agrees to transfer the parcel to you in exchange for your cutting down and removing all the small trees on another lot for her, your act of labor is the consideration.
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What is the verb form of consideration?
The verb form of "consideration" is "consider." For example, "I will consider your proposal."
What is an example of consideration for a reading audience?
First tell us what 'the following' are.
Definition of nursing consideration?
Nursing consideration is the thought and consideration along with judgment. An example of nursing consideration would be teaching a patient to inject insulin through careful thought and consideration. Teaching would continue until the nurse is satisfied that the patient is capable of insulin injections on their own
Can you explain by example the consideration in communication?
hi frns,consideration in communication means preparing the message keeping receiver in mind and understanding the consequences of your speech.
Personal and external consideration in starting up a business?
what is an example of a personal consediration
Why is past consideration not good consideration?
Past consideration is not good consideration because it is not contingent on the responding consideration. For example, suppose I gave you $20 on Tuesday as a gift. And then on Friday, you offered to enter a contract with me to wash my car. If I offered the $20 as consideration, or payment, that I had already given you, it would not be a contract. You would not be getting any benefit from the bargain, and I would not have any assurance that you would perform, because there is no benefit to you.
Why a past consideration is not a good consideration?
Do you mean consideration for contract formation? To have a bargain, you have to be willing to give something up. For example, if we had a contract for the purchase of your car for $5000, you would give up your car, and I would give up $5000. That's consideration. If the consideration is in the past (e.g. you already gave up your car), that's not going to create a binding contract.
What is the difference between respect and consideration?
respect is where you like them as they are and respect their opinions and choices consideration is where you think about something for example: if two people went for the same job he would consider the best application.
What is past consideration with exception?
past consideration is of no effect to consideration at all. It is where the defendant's promise is subsequent to the plaintiff's act and independent of it. for example, where P saves D from drowning; Das an expression pf gratitude, later promises to pay P a sum of money as a reward. Here P cannot sue D on his promise since P's consideration is past in time, D's promise being subsequent abd independent of A's act. The case of Re McArddle illustrates the concept of past consideration
How do you use consults and consideration on a sentence?
Using consults and consideration in a sentence involves seeking advice or input from others (consults) and carefully thinking through different factors before making a decision (consideration). For example, "Before making a final decision on the project, I consulted with my team and took their considerations into account."
What are the Basic consideration in putting up a business?
personal consideration,marketing consideration,production consideration and financial consideration..hope it can help
Difference between executory executed and past consideration?
EXECUTORY CONSIDERATION Consideration is executory when there is an exchange of promises to perform acts in the future. For example, A promises to deliver widgets to B at some future date and B promises to pay A for the widgets when he receives the shipment. If A does not deliver the widgets to B, B can sue A for breach of contract. EXECUTED CONSIDERATION When a promise is made in exchange for an act, when that act is performed, it is executed consideration. Using the example above, if A timely delivers the widgets to B, A's consideration becomes executed. PAST CONSIDERATION Every contract requires an offer, acceptance, and consideration. Consideration isthe exchange of benefit and detriment (e.g., the making of a promise in exchange for an act). If a party voluntarily acts and then the other party makes a promise, the act is said to be "past consideration" (since the act was already performed and not made in exchange for the promise). For example, A gives B a ride to the market and back home again. When A delivers B to his house, B promises to give A some gas money. A cannot sue B to enforce B's promise since the consideration (A's act of giving B a ride) occurred beforeB's promise. A gave B the ridewithout expecting anything inreturn.(A did not give B a ride in exchange for B giving A gas money.)
