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It's called past consideration. Look up Roscorla v Thomas. (1842) 3 QB 234
What else can I help you with?
What is legality of object and consideration in business law?
In business law, legality of object refers to the requirement that the purpose of a contract must be legal and not against public policy. Consideration refers to something of value exchanged by parties to a contract, such as money, goods, or services. Both legality of object and consideration are essential elements for a contract to be enforceable in business law.
What is pass consideration in business law?
It's called past consideration. Look up Roscorla v Thomas. (1842) 3 QB 234
What are the Basic consideration in putting up a business?
personal consideration,marketing consideration,production consideration and financial consideration..hope it can help
Consideration meaning and difference between English law and Indian law?
Consideration is an essential element of a legally binding contract where each party agrees to give or do something in exchange for something from the other party. In English law, consideration must be present for a contract to be enforceable, whereas in Indian law, a promise can be enforceable even without consideration under certain circumstances, such as promises made to close family members. Additionally, Indian law recognizes past consideration as valid consideration, while English law generally does not.
Where there is no consideration there is no contract-comment?
In business
What are the type of consideration under tanzania law?
there are only two types which are executory consideration and executed consideration as provided under section 2(1)(d) law of contract act(cap 345 r.e 2002).
What has the author Robert W Emerson written?
Robert W. Emerson has written: 'Business law' -- subject(s): Business law 'Business law the easy way' -- subject(s): Business law, Commercial law
Does qualification of judges depends on which law school graduate from?
It is one consideration when they are appointed. And when they are elected, the informed voters will take it into consideration. Not all judgeships require a law degree or license.
Is it against the law to have a business without a business license?
yes its against the law to not have a business license.
Consideration in business communication?
Consideration means that you prepare every message with the recipient in mind and try to put yourself in his or her place.
In contract law, how is consideration characterized?
Consideration in contract law is characterized as something of value exchanged between parties, such as money, goods, or services, in order to make a contract legally binding.
What is the benefit in business law to a student who is not aspiring to become a lawyer?
Business law is one of the courses that most business students have to take. A well rounded student should know something about policies and law in business when they are running a business, even if they aren't a lawyer. Good business people have some understanding of the law so they can conduct their business in a legal and correct fashion. Taking business law in no way means you are on the path to law.
