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What does it mean by consideration must move from promisee?
In contract law, consideration is the benefit received by each party in a contract. It must move from the promisee to the promisor, meaning that the promisee must provide something of value in exchange for the promise made by the promisor for the contract to be legally binding. This ensures that both parties are giving and receiving something in the agreement.
What word means to offer consideration?
Consider
What is a true offer?
A true offer is one where one party offers "consideration" or money to lock in the offer.
What is the purpose of feelback how can you offer positive feedback?
What is the purpose of feelback how can you offer positive feedback
The contract between a patient and a physician has three parts?
the offer, the acceptance and the consideration
Are you interested in receiving a cash offer to sell your house quickly?
Are you interested in getting a quick cash offer to sell your house?
What is Availability to Join?
Availability to Join refers to the timeframe in which a candidate can begin a new job or role after receiving an offer. It's an important consideration for employers when planning their hiring timelines, as it affects onboarding and project timelines. Candidates typically specify their availability in job interviews or offer discussions, indicating any notice periods required by their current employer or other commitments.
Which Cambodian hotels offer childminding?
There are many Cambodian hotels that offer childminding. By searching for Cambodian hotels online, and seeing which ones offer childminding, one can see which do and do not offer the service.
What does the propose mean?
to ask for marrige to make an offer to present or put fordward for consideration
A legally binding contract must include some type of?
Offer, acceptance, and consideration.
How do the concepts of offer acceptance and consideration work together to create a valid contract?
An offer first sets out the terms/conditions of a contract. For example, I have offered you a car in exchange for £1,000. An acceptance means that you are willing to be legally bound by this offer and you will pay £1,000 for my car. Simply put, consideration is defined as a value paid for the promise of an act, service, item, etc. Both parties will gain something from the transaction. In the example, the £1,000 would be consideration for my car. However, if I simply said "I will give you my car" and you accepted, I would not be legally bound to give you the car and you could not sue me. This is because you have not given me any consideration in exchange. Without consideration, a contract cannot be formed.
What are the essential elements of a contract of insurance?
there are four elements of insurance contract... offer,acceptance,consideration...
