false
Consideration is actually absolutely necessary for the formation of contracts. A contract that does not have consideration is basically invalid unless one party can show detrimental reliance.
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.
It means to think about something. When you take something into consideration, it means you will think about about it, before coming up with an answer. You think about something and then decide what to do in regards to the matter.
because its done before the contract is made is not consideration. These fact cannot influence forming of a contract if they were in past tense for example: Al gives emergency care to Bob . Bob promises to pay Al for his services but his promise is not binding because there is no bargain for exchange
no!
It can cause abnormal program termination or invalid results.
"Invalid contract" might describe the terms of an agreement that purports to be a contract--but by one or more legal theories does not constitute one, and is therefore unenforceable as one. This refers to a defect in contract formation--whose elements are those of mutual assent (effectively-communicated offer and acceptance) and consideration (a bargained-benefit or detriment). An "invalid contract" may or may not be enforceable as a set of one or more enforceable promises, depending on whether alternative theories apply, such as that of promissory estoppel.Void contract, as compared with voidable contract,refers to a contract that has become void by reason of one or more contract-law avoidance theories. A voidable contract is one voidable at the option of one of the parties. Two examples: a contract entered into for an illegal purpose is void. A contract entered into by a minor is voidable at the minor's option unless subsequently ratified.
Invalid for some legal reason
does a Songwriter contract with a Power Of Attorney clause need to be notarized? if it is not notarized does that make the entire contract invalid? Thank You, Ray Rector
One way would be to convince the court to declare that the contract is invalid for some reason.
They say that I am in contract to pay for everything. They have my credit card and that's it. What can happen if the credit card on file is invalid?
You probably need a lawyer, because that it means depends on what the rest of the document says and what it's a response to, but essentially the defendant is saying that the suit is invalid for a bunch of different reasons. At a guess I'd say there's a contract involved, and it seems likely that defense is going to argue that the contract is invalid for one or more of the reasons listed, all of which are technical and have I mentioned "see a lawyer"?