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Consideration in a contract refers to something of value that is exchanged between parties, forming the basis of the agreement. For consideration to be valid, it must be real, meaning it should be concrete and specific rather than vague or ambiguous. This ensures that both parties understand their obligations and the value being exchanged, which is essential for enforceability. A lack of clear consideration can lead to disputes and render the contract unenforceable.
What else can I help you with?
What is a sentence for Vague?
My parents were vague in their description of what we were doing, as we drive into the distance.
Consideration need not be adequate but must sufficient or valuable discuss?
consideration need NOT be adequate but must be sufficient.
What type of property are building considered to be?
real estate --improved question very vague
Is Artillerymen must take the weather into consideration when trajectories are plotted written in active voice?
Weather must be taken into consideration when trajectories are plotted by artillerymen.
Is a promissory note binding if there is no consideration in return?
In order to have a promissory note there must be consideration. If a bank gives you a mortgage, then the home is consideration for your payments.
Is marijuana a real drug?
The term "real drug" is vague enough that we have no idea what you're trying to ask, but it does contain psychoactive substances.
What must be taken into consideration when determining a safe speed on a boat?
The wind speed and the wave height are two things that must be taken into consideration when determining a safe speed for a boat.
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 is 24.20 plus tax?
Your question is too vague. You must give the percentage that you are taxed at.
Is it okay to photograph fairies?
You must take in consideration if fairies actually exist and if they let people see them. If they do then ....you can take pics of fairies..
Why must conservation plans take into consideration the needs?
you are bad
What is the purpose of the special purpose matrix?
It's special. The question is too vague to give a real answer.
