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Failing to use the word consideration in an agreement means that no consideration has been given?
Consideration can be anything of value (such as an item or service), which each party to a legally binding contract must agree to exchange if the contract is to be valid. If only one party offers consideration, the agreement is not legally a binding contract. In its traditional form, expressed as the requirement that in order for parties to be able to enforce a promise, they must have given something for it (quid pro quo): something must be given or promised in exchange or return for the promise. Therefore, the word itself does not have to be used.
How do you say i must study in french?
You would say "Je dois étudier" in French to mean "I must study."
Can you say he must not be at home?
Yes, you can. If you say, 'He must not be at home' most people would assume you'd tried unsuccessfully to contact him at his home. It's perfectly correct, in that context. 'He might not be at home' would be taken to mean you don't know whether he's at home but haven't tried to reach him there. 'He may not be at home' would be taken to mean the same as 'He might not be at home', though some pedants might insist it means 'He is not allowed to be at home.' If you go ahead and say, 'He must not be at home', I'd say you must be right, though I don't mean 'I will not allow you to be wrong'.
What does the french word devoirs mean?
It can be the verb 'must' or as a noun it can mean duty, les devoirs usually means homework (from school).
What does the french word cote aux mean?
CORRECTED: side to the; you must mean aux cote... to the side
Privity of contract and privity of consideration?
Privity of consideration: In England consideration must move from the promisee. If it is furnished by any other person ,the promisee becomes a stranger to the consideration and,therefore,cannot enforce the promise promisee seeking to enforce an agreement must show that he himself furnished the consideration for the promise give by the other party.The principle is known as the doctrine of privity of consideration.This principle is not applicable in INDIA.Privity of contract : A contract cannot confer any right on one who is not a party to the contract even though the very object of the contract may have been to benefit him.Only a person who is party to a contract can sue on it.This principle is applicable in INDIA.
What does consideration must be sufficient but need not be adequate mean?
It means that although consideration must provide some benefit to the promisor or detriment to the promisee, these do not however have a great deal. Providing something is given in return for a promise, it does not matter that it is not much, or not what the promise would usually be considered worth.Courts would not inquire into the adequacy of consideration so long as there are some. The reason for this rule is due to the old idea of freedom of contract, which required that the parties themselves should be allowed to make bargains that suit them without interference from courts.
What are the rules that govern consideration in a valid contract?
1. Consideration must move at the desire of the promisor-The act or forbearance must be done at the desire or request of the promisor. If it is done without his request or at the request of a third party it will not be a valid consideration. 2. Consideration need not be adequate but must be sufficient-It is not necessary that there must be full return for the promise. There must be something rather than nothing. The law has left the quantum of consideration to be decided by the respective parties. Thus, the law will not object to the inadequacy of consideration.The law will not enforce a promise even if it is without consideration. 3. Past consideration is not consideration 4. Forbearance to sue may be good consideration 5. Performance of existing duties. A person who has not provided consideration cannot sue to enforce a promise.
Will a contract always be valid and binding when its contains consideration?
Just because a contract contains consideration does not mean it is legal or binding. There are other requirements that must be met.
What Two key people are required for every contract?
The promisor and promisee. What could potentially be the plaintiff and defendant in civil litigation for breach of contract. There must be mutual assent by the parties and there must be an offer and acceptance.
Consideration need not be adequate but must sufficient or valuable discuss?
consideration need NOT be adequate but must be sufficient.
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.
Failing to use the word consideration in an agreement means that no consideration has been given?
Consideration can be anything of value (such as an item or service), which each party to a legally binding contract must agree to exchange if the contract is to be valid. If only one party offers consideration, the agreement is not legally a binding contract. In its traditional form, expressed as the requirement that in order for parties to be able to enforce a promise, they must have given something for it (quid pro quo): something must be given or promised in exchange or return for the promise. Therefore, the word itself does not have to be used.
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.
Why must conservation plans take into consideration the needs?
you are bad
What does it mean when a guy says you must be happy?
It means, he cannot provide the happiness that you deserve. Move on!
