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Consideration in contract law refers to something of value exchanged between parties, which is essential for a contract to be legally binding. Its key characteristics include being sufficient, meaning it must hold some value but not necessarily be equal; being mutual, as both parties must provide consideration; and being legally recognizable, meaning it must not be illegal or against public policy. Additionally, consideration must be present at the time of the contract or promised to be exchanged in the future.
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What is one of the three characteristics of consideration?
charactaristics of consideration
What characteristics of the cell were taken into consideration when scientists developed technologies to study them?
the characteristics of the cell were taken into consideration is ewan
What are the 8 Characteristics of a Business Letter?
Clarity Conciseness Courtesy Consideration Cheerfulness Correctness Character Concreteness
What are the characteristics of public procurement?
There are several characteristics of public procurement. The most common features include contract documents, consideration of tenders, transparency and confidentiality and so much more.
Can a shipping agent be sued for damages for failing to deliver bill of lading resulting in demurrage borne by the consignee?
In my opinion everything depends on the content of the contract document signed before the shipment of the cargo.This is because the characteristics of the cargo is taken into consideration before the deal. In my opinion everything depends on the content of the contract document signed before the shipment of the cargo.This is because the characteristics of the cargo is taken into consideration before the deal. In my opinion everything depends on the content of the contract document signed before the shipment of the cargo.This is because the characteristics of the cargo is taken into consideration before the deal. In my opinion everything depends on the content of the contract document signed before the shipment of the cargo.This is because the characteristics of the cargo is taken into consideration before the deal. In my opinion everything depends on the content of the contract document signed before the shipment of the cargo.This is because the characteristics of the cargo is taken into consideration before the deal.
When storing firearms and ammunition What is an important consideration?
You do not have anything following, but secure storage would be HIGH on the list of desirable characteristics.
Why idea of equal consideration refers to an equal consideration of moral rights?
The idea of equal consideration refers to the ethical principle that all individuals, regardless of their characteristics, should have their moral rights and interests weighed equally in moral decision-making. This principle emphasizes that the interests of all beings deserving of moral consideration should be treated with the same level of importance, thus preventing discrimination based on arbitrary factors like species, race, or gender. By advocating for equal consideration, we promote fairness and justice in ethical considerations, ensuring that everyone's rights are acknowledged and respected.
What are the Basic consideration in putting up a business?
personal consideration,marketing consideration,production consideration and financial consideration..hope it can help
What is a 13 letter word means careful thought?
Careful thought is consideration.
What is societal consideration?
customer consideration and design
What are the characteristics of an effective rewards system?
It should not be arbitrarily determined. should take into consideration only controllable factors should increase with increase in productivity should not be subject to manipulation should be commensurate with performance
How does a person become known as being a trustworthy person?
To become trustworthy person, honesty and reliability are the most important characteristics to hold. One must also show their consideration to others and be a good listener.
