Αποτελέσματα Αναζήτησης
12 Σεπ 2015 · Consideration is the benefit that each party receives, or expects to receive, when entering into a contract. Consideration is often monetary, but it can be a promise to perform a specific act, or a promise to refrain from doing something.
consideration. n. 1) payment or money. 2) a vital element in the law of contracts, consideration is a benefit which must be bargained for between the parties, and is the essential reason for a party entering into a contract.
Consideration is the reason a contract exists. In a contract for the sale of goods, the price paid is the consideration for the seller, and the property sold is the consideration for the buyer. Under contract law, consideration is sometimes called a “bargained-for exchange.”.
Consideration is a key ingredient for an enforceable contract. It is concerned with what one party is giving or promises in exchange for what the other party is giving or exchanging. Consideration can be executory or executed and must be given by both parties to the agreement.
Consideration is a promise, performance, or forbearance bargained by a promisor in exchange for their promise. Consideration is the main element of a contract. Without consideration by both parties, a contract cannot be enforceable.
Definition for consideration 1) payment or money. 2) a vital element in the law of contracts, consideration is a benefit which must be bargained for between the parties, and is the essential reason for a party entering into a contract.
An exchange of value, such as a benefit, right, or promise, which is fundamental to the validity of a contract. How to use "consideration" in a sentence. In their contract, his promise to paint her house was the consideration for her promise to pay $500.
