Consideration at Legal Glossary What is it? The basis of a contract. Consideration is a benefit or right for which the parties to a contract must bargain; the contract is founded on an exchange of one form of consideration for another.
Consideration
Related Category: Legal Terms and Concepts
in law: see contract.
More on Consideration
Contract - in law, a promise, enforceable by law, to perform or to refrain from performing some specified act.
Consideration - The price bargained for and paid for a promise, goods, or real estate.
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Consideration definition:
Some right, interest, profit or benefit accruing to the one party of a contract, or some forbearance, detriment, loss or responsibility given, suffered or undertaken by the other.
CONSIDERATION - The inducement, price or motive that causes a party to enter into an agreement or contract.
Consideration must be valuable but need not to be adequateDiscuss?
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Consideration: The price in a contract for the other party's promise. The price may be a promise or an act (e.g. promise of payment). A party can only sue on a promise if he has given consideration in return for the promise.
Valuable Consideration
(n) For a valid agreement between two parties a consideration is required. It can be money, materials or performance quantifiable in money's worth.
Petition for reconsideration: A legal process to appeal a decision issued by a judge.
considerationThe cause, price or impelling influence which induces a party to enter into a contract.
continuanceA court order postponing proceedings.
Consideration
Something of real value given in return for performance or the promise of performance, which induces a party to make an agreement or enter into a binding contract.
CONSIDERATION The inducement to a contract; the reason or material cause of the contract.
CONTEMPT OF COURT Any act which is calculated to embarrass, hinder, or obstruct court in administration of justice.
Consideration
Under common law, there can be no binding contract without consideration, which was defined in an 1875 English decision as "some right, interest, profit or benefit accruing to the one party, or some forbearance, detriment, ...
Consideration:
Under common-law, one of the three criteria that have to be met before a contract is binding.
Consideration -The price bargained for and paid for a promise, goods, or real estate.
Constitution -The fundamental law of a nation or state which establishes the character and basic principles of the government.
CONSIDERATION: Something of value that is given in exchange for getting something from another person.
Consideration - A bargained-for benefit or right. Consideration may be a promise to perform a certain act - for example, a promise to deliver goods, a promise not to do something, payment, or a promise to pay money, among other things.
Consideration - The price bargained for and paid for a promise, goods, or real estate.
Conspiracy - A combination of two or more persons formed for the purpose of committing by joint collaboration some unlawful act.
Reconsideration
A request that an administrative law judge review and change his or her final order in a case.
IMMORAL CONSIDERATION. One contrary to good morals, and therefore invalid. See Moral obligation.
Consideration: There must be consideration (see also consideration under English law) given by all the parties, meaning that every party is conferring a benefit on the other party or himself sustaining a recognizable detriment, ...
New consideration
Definition
: something according to section 6-106 of the Uniform Commercial Code that becomes payable in exchange for the transfer of bulk goods
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Detailed consideration of a Bill. Amendments may be laid.
Further information on this subject can be found from the following links.
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VALUABLE CONSIDERATION,
contracts. An equivalent for a thing purchased. Vide Vin. Ab. Consideration, B; 2 Bl. Com. 297; Consideration. ... more ...
See also: consideration
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failure of consideration
The refusal or inability of a contracting party to perform its side of a bargain.
failure of issue ...
Secondary Considerations: Objective evidence of the actual marketplacesetting in which an invention was made. This evidence is relevant to decidingwhether an invention is unobvious.
This is the consideration paid by a tenant to a landlord in exchange for the exclusive use and enjoyment of land, a building or a part of a building.
Failure of consideration. Want or absence of a legal consideration. Failure of evidence. Absence of legal evidence. Failure of issue.
advisement Consideration, deliberation, or consultation; when a judge takes a case under advisement, the judge postpones a decision pending further consideration and research.
"Another relevant consideration is the need to ensure that the police exercise their powers to control and prevent crime in a manner which fully respects the due process and other guarantees which legitimately place restraints on the scope of ...
Quid pro quo - Consideration. something for something
R
Re - In the matter of ...
TOP Acceptance : One of three requisites to a valid contract under common law (the other two being an offer and consideration).
The court said in this case, however, that the bargained-for consideration was a tractor, not crops safely gathered into the barn. When the tractor failed to work it was only the tractor that was damaged by the defendant’s negligence.
Consideration: Consideration has been defined as "some right, interest, profit or benefit accruing to the one party, or some forbearance, detriment, loss or responsibility given, suffered or undertaken by the other".
were alike subjected to heavy duties - the need of the exchequer being the paramount consideration, while the agriculturists were no doubt pleased with the complete command secured 1660= to them in the home market. This act was followed 1773.
directed verdict - In a case in which the party with the burden of proof has failed to present a prima facie case for jury consideration, the trial judge may order the entry of a verdict without allowing the jury to consider it, because, ...
Sale - Transfer of ownership and possession of property from one to another for a sum of money or for other consideration.
Satisfaction - The discharge of an obligation by paying a party what is due.
TOP Sub judice : A matter that is still under consideration by a court. You will hear of politicians declining to speak on a certain subject because the subject matter is "sub judice".
Plea Bargain (Resolution Discussions)Negotiated agreement between a prosecutor and an accused, including his or her lawyer, to settle a criminal case that is presented to a judge for their consideration and decision.
Regard for these important considerations of policy in the administration of federal equity jurisdiction is decisive here.
(Compare with "subrogation") Nudum pactum A contract-law term which stands for those agreements which are without consideration, such as a unilateral undertaking, which may bind a person morally, but not under contract law, ...
It has two separate roles; to debate new laws, giving detailed consideration to them and suggesting possible improvements before they are returned to the House of Commons for further consideration.
VERDICT - The formal decision or finding made by a jury in a trial after consideration of the evidence presented and applying the rules of law given to the jury by the judge.
It takes into consideration the gross income of both parents, less special adjustments such as support for children of a previous marriage, and a set amount of money to be allotted monthly for the child.
The Latin term "Quid pro quo" means, in a UK legal context: "consideration, something for something".
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applications, or other information submitted for consideration by the Office in a non-provisional patent application filed under 35 U.S.C.
Affirmative action: Programs often required by state or federal law that attempt to compensate for discriminatory practices that have in the past denied fair consideration to members of minority groups.
Pre-Nuptial Agreement: An agreement entered into by prospective spouses prior to marriage but in contemplation and consideration thereof; by it, ...
National Environmental Policy Act (NEPA): Primary federal law requiring consideration of potential impacts of major federal actions on the environment, including historic and cultural resources.
Negotiation - The process of submission and consideration of offers until an acceptable offer is made and accepted.
Directed verdict - In a case in which the plaintiff has failed to present on the facts of his case proper evidence for jury consideration, the trial judge may order the entry of a verdict without allowing the jury to consider it.
show cause: an order, decree, execution, etc., to appear as directed, and present to the court such reasons and considerations as one has to offer why it should not be confirmed, take effect, be executed, or as the case may be ...
Decision: An authoritative ruling (such as a judgment) that a court makes after a consideration of fact and/or law.
Purchase Money Mortgage
A Mortgage given by the buyer to the seller as part of the purchase consideration, as opposed to a hard money mortgage.
Objection - Statement by an attorney taking exception to testimony or the attempted admission of evidence and opposing its consideration as evidence.
(BAT) : The best technology treatment techniques, or other means which the Administrator finds, after examination for efficacy under field conditions and not solely under laboratory conditions, are available (taking cost into consideration).
Contract - An agreement between two or more persons, which creates an obligation to do or not to do a particular thing. Its essentials are competent parties, subject matter, a legal consideration, mutuality of agreement, and mutuality of obligations.
Thus, the test of negligence is based on either a failure to do something that a reasonable person, guided by considerations that ordinarily regulate conduct, would do, ...
for looking after a minor are transferred from the child's natural parents to another person or couple. The new parents take over from the natural parents. When making an adoption order the welfare of the child is the paramount consideration.
 See also: Law, Person, Court, State, Will
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