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Monetary consideration refers to the financial compensation or payment exchanged in a transaction or agreement. It typically represents the value given in exchange for goods, services, or rights, and is a fundamental element in contracts. In legal terms, it ensures that both parties have something of value at stake, which helps to validate the agreement. Without monetary consideration, a contract may be deemed unenforceable.
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What is classification of family into monetary and non-monetary activities?
Monetary activities mean that you have to spend money to do the activity. However, non-monetary means the activity is free. Monetary and non-monetary are classifications for activities.
Monetary and non monetary factors of motivation?
monetary factors is where you go anal with your best friends grandma
What are the benefits of monetary union?
benefits of monetary union
What is monetary profit?
Monetary profit is the actual amount of cash that is profited from a business or organization. The term monetary refers to coinage or money.
The interest rate policy is the component of?
monetary policy.........
What is a gifted property deed?
A gift deed is a deed in which the consideration is not monetary, but is made in return for love and affection. It is a document which transfers property to another as a gift and must be recorded in the land records.A gift deed is a deed in which the consideration is not monetary, but is made in return for love and affection. It is a document which transfers property to another as a gift and must be recorded in the land records.A gift deed is a deed in which the consideration is not monetary, but is made in return for love and affection. It is a document which transfers property to another as a gift and must be recorded in the land records.A gift deed is a deed in which the consideration is not monetary, but is made in return for love and affection. It is a document which transfers property to another as a gift and must be recorded in the land records.
Does consideration in a contract have to be specified amount?
No, consideration in a contract does not have to be a specified amount. It can be anything of value, such as services, goods, or even a promise to perform or refrain from a certain action. The key requirement is that the consideration must be sufficient and agreed upon by both parties, but it does not need to be quantifiable in monetary terms. Courts typically do not assess the adequacy of consideration, as long as it is legally sufficient.
Sale of Goods Act in Nigeria?
This is a contract whereby a seller transfers or agree to transfer property in goods to the buyer in monetary consideration known as price
What does standard of value mean?
A term suggesting a threshold exist where a monetary or some other consideration finds harmony and balance with a manifestation that facilitates the process of exchange...
What is a positive Consideration and searching for and receiving a job offer?
Some positive considerations in searching for a receiving a job offer are monetary rewards, health insurance, and benefits.
Adequacy of consideration?
sufficient is used when we suggest a close meeting of a need . adequate may imply barely meeting a requirement . (Webster)
What is classification of family into monetary and non-monetary activities?
Monetary activities mean that you have to spend money to do the activity. However, non-monetary means the activity is free. Monetary and non-monetary are classifications for activities.
Is Deposit a monetary or non monetary item?
i would think it is a monetary item.
What is monetary gain?
The gain in purchasing power that is derived from holding monetary assets and/or monetary liabilities during a period of changing prices. An increase in prices tends to devalue monetary assets and monetary liabilities. Thus, if a firm's monetary liabilities exceeded its monetary assets, inflation would tend to produce monetary gains.
What are Monetary items?
monetary means that you can save money in you account monetary means that you can save money in you account
Monetary and non monetary factors of motivation?
monetary factors is where you go anal with your best friends grandma
What is the adjective of money?
monetary The necklace has no monetary value.
