Difference between executory executed and past consideration?
Answer - executory, executed, etc 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 is the 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 before B's promise. A gave B the ride without expecting anything in return. (A did not give B a ride in exchange for B giving A gas money.)
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Answer . A precaution is something you do to protect yourself or someone/something else before something happens. Like, if you know you always spill milk when you pour it,… you hold it over the sink. Doing that is a precaution.. A considereation is thinking about something. It doesn't mean that you have any actions at all. You might say to yourself, "wow, I usually spill milk if I pour it" You don't have to act on what you have thought.
Consideration may be executory or executed but it must not be pastDicuss and illustrate your answer with various case laws?
Executed and executory consideration is enforced by the common law courts but a past consideration is not. This is because a past consideration arises where the work is done b…efore the obligation or offer to pay is made. See the case of EASTWOOD VRS KENYON.
sufficient is used when we suggest a close meeting of a need < sufficient savings>. adequate may imply barely meeting a requirement . (Webster)
The difference between consideration and courtesy is the feelingthat goes behind it. Consideration is more compassionate and has more depth because when you are considerateof …another persons needs or feelings you care and are concerned about what to do concerning that person.On the other hand, courtesy is mainly because you feel like it's the right thing to do, you don't care asmuch or you don't have much attachment to why you are doing it.
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 ca…r 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.
lol no read your text book :P
Execution is usually applied to the killing of someone by the state or government. Sanctioned by the court. Murder is one person killing another.
A supervisor generally falls into the class of lower management,and manages a team of employees, while reporting to middlemanagers. Supervisors are tasked with managing the ta…sks of aproject, while middle managers are tasked with managing largerprojects, and creating goals and milestones. Executives drive anorganization by setting its vision and mission statement, and beingaccountable to stockholders. They are tasked with deciding theoverarching goals of the organization, and the budget that variousdepartments will be allocated.
Although the word is sometimes used in connection with killingsdone by so-called organised criminals where a 'gangland execution'has been said to have been done, usually execu…tion refers to akilling done legally by the state. In contrast, an assassination isan illegal killing. This word is often used when the killinginvolves someone of an elevated social status.
An executed contract is a contract that has been completed. All parties have signed and its all done and closed. Executory is one that is almost done, but they are waiting on …for example: Money!
"Executed" is PAST tense implying that the contract is completed. "Executing" is PRESENT tense indicating that the requirements of the contract are underway.
Consideration is executory when a promise to do something in the future is given in exchange for another promise to be done in the future. Consideration is executed when a… promise is actually executed, in exchange for another promise to be executed in the future.
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 sa…me job he would consider the best application.
Considerate text: Are you available this Wednesday for a drink? I would really love to get together with you, but if you're busy, that's no problem. Inconsiderate text: I H…ATE JEWS ALSO I NEED MONEY YOU CUMTURD.
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.
Planning is when you plan out something you are going to do (say if its researching how many people drink diet coke). Execution is when you actually do what your planning sp…ecifies (so you'd go out into the public and write down how many people drink diet coke and how many don't.) I hope this helps. :)