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Is an assignment of the deed of trust valid without consideration?
Wiki User
∙ 13y ago
Note: I am not a lawyer. For a definitive answer, you should contact one.
It's a general principle of "common law" systems that both "sides" of a contract must provide some kind of consideration in order for the contract to be valid. The legal slang for a nominal consideration is a "peppercorn", and it's more or less customary for contracts to contain some kind of verbiage such as "for the sum of one dollar and other good and valuable consideration".
In the US, at least, including "peppercorn" clauses is... essentially... more of a superstition than anything else. Courts can and have found that such clauses do not actually reflect any kind of real "consideration", and that obviously one-sided contracts may in fact be invalid despite a "peppercorn" clause.
Wiki User
∙ 13y ago
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Is a promissory note valid with no consideration?
No....a promissory note is not valid without a consideration.
What circumstances would a contract be valid without any consideration?
from wawa(ums kal) :contracts under seal are valid without a consideration or perbaps
Can there be a trustee and beneficiary to an irrevocable trust?
A trustee and a beneficiary are essential to a trust. Without a trustee and a beneficiary there is no valid trust. They should not be the same person.
What is the difference between a valid trust and enforceable contract?
a valid trust is true and an enforcebale trust can be enforced
What are the advantages and disadvantages of past consideration?
The advantages of consideration in a valid contract
It has been stated that intelligence tests are reliable but not valid?
This assertion suggests that intelligence tests consistently measure the same trait (reliability), but may not accurately measure what they intend to (validity). In other words, while the results may be consistent, they may not necessarily reflect the true level of intelligence of an individual.
Can a trust with a taxpayer ID be levied by a judgment creditor?
Yes. If the creditor has won a judgment against the trust. It cannot be levied for a debt against the beneficiary as long as the trust is a valid trust.Yes. If the creditor has won a judgment against the trust. It cannot be levied for a debt against the beneficiary as long as the trust is a valid trust.Yes. If the creditor has won a judgment against the trust. It cannot be levied for a debt against the beneficiary as long as the trust is a valid trust.Yes. If the creditor has won a judgment against the trust. It cannot be levied for a debt against the beneficiary as long as the trust is a valid trust.
Would a FamilyTrust not signed by mother create problems when selling her house?
If its the mother's trust and its unsigned then the trust isn't valid. There may be problems but there isn't enough detail in the question.If its the mother's trust and its unsigned then the trust isn't valid. There may be problems but there isn't enough detail in the question.If its the mother's trust and its unsigned then the trust isn't valid. There may be problems but there isn't enough detail in the question.If its the mother's trust and its unsigned then the trust isn't valid. There may be problems but there isn't enough detail in the question.
What is consideration and its condition?
That something of value is offered - that the offer is accepted - and THAT IT ACTUALLY PASSES HANDS. Without all three condition being met there is NOT a valid contract.
In what circumstances might a promise be enforced despite a lack of consideration?
Usually, a contract is only valid when there is bargained for consideration. However, the promise might still be enforced without consideration in cases that fall under the promissory estoppel. This means that the promise reasonably relied on the promise and has suffered a detriment due to the reliance.
How do you find the validity of an online investing company - Is Trust Investa. which is an online investing company safe to trust?
trust investa is a valid investment company. their URL has been worked since 2007 without any problem , and you can not find a people who say that lost money in TRUST INVESTA
Explain consideration and acceptance are the binding element of contract?
An offer is valid only if it is made with an intention of getting the assent of another. when there is no acceptance the contract does not come into existence. For a valid contract there must be consideration which need not be adequate.
