- legally sufficient consideration
- Consideration which the law recognizes as legally adequate to support a valid contract.See consideration
Black's law dictionary. HENRY CAMPBELL BLACK, M. A.. 1990.
legally sufficient consideration
Look at other dictionaries:
legally sufficient consideration — Consideration which the law recognizes as legally adequate to support a valid contract. See consideration … Black's law dictionary
consideration — The inducement to a contract. The cause, motive, price, or impelling influence which induces a contracting party to enter into a contract. The reason or material cause of a contract. Some right, interest, profit or benefit accruing to one party,… … Black's law dictionary
consideration — The inducement to a contract. The cause, motive, price, or impelling influence which induces a contracting party to enter into a contract. The reason or material cause of a contract. Some right, interest, profit or benefit accruing to one party,… … Black's law dictionary
consideration — con·sid·er·a·tion n: something (as an act or forbearance or the promise thereof) done or given by one party for the act or promise of another see also contract compare motive ◇ Except in Louisiana, consideration is a necessary element to the… … Law dictionary
Consideration — Contract law Part … Wikipedia
consideration — /keuhn sid euh ray sheuhn/, n. 1. the act of considering; careful thought; meditation; deliberation: I will give your project full consideration. 2. something that is or is to be kept in mind in making a decision, evaluating facts, etc.: Age was… … Universalium
consideration — A legal term used to describe the benefit that a borrower, guarantor, or pledgor receives in exchange for agreeing to repay, guarantee, or pledge security to the bank. Usually, but not always, the consideration is the proceeds of the loan. In… … Financial and business terms
Consideration in English law — is one of the three main building blocks of a contract. 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… … Wikipedia
Consideration under English law — Consideration is one of the three main building blocks of a contract in English contract law. 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… … Wikipedia
Consideration under American law — Contract law Part o … Wikipedia
