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Consideration is


Consideration is

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From source: wikipedia.org Consideration is a concept of English common law and is a necessity for simple contracts but not for special contracts (contracts by deed). The concept…

From source: wikipedia.org For Your Consideration may refer to: For Your Consideration (advertising), a heading frequently used in advertisements in entertainment trade publications…

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According to the source from merriam-webster.com, : something that has already been given or some act that has already been performed that cannot therefore be induced by the other party’s thing, act, or promise in exchange and is not truly a consideration — valuable consideration

Sharing a hint from legal-dictionary.thefreedictionary.com, 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.

If you read from businessjargons.com, Consideration Definition: In common parlance, consideration refers to something paid to someone in return for something else. In legal terminology, it can be understood as the price or compensation which has to be paid by the promisee to the promisor for doing or not doing an act.

It is inferred from vocabulary.com, Consideration is kindness and thoughtful regard for others, or an act of thoughtfulness. Treating others as you would have them treat you (the Golden Rule) is one example of consideration. The verb consider comes from the Latin for “contemplate,” and hidden in the word is sid,, the Latin root for “star.”

A post published in merriam-webster.com, 1 a careful weighing of the reasons for or against something after much consideration we decided to make an offer on the house Synonyms for consideration account, advisement, debate, deliberation, reflection, study, thought Antonyms for consideration 2 something (as money) that is given or received in return for goods or services

It is learnt from a blog britannica.com, take (something) into consideration : to think about (something) before you make a decision or form an opinion We will take your experience into consideration [=we will think about how much experience you have] when we decide who will get the job.

It is understood from sites like insuranceopedia.com, A consideration is an exchange of money for the guarantee of an act preformed or another benefit provided. In the context of insurance, the insurance company gives the consideration of coverage for losses as long as premiums are paid. If a person wants to continue to have the option of this consideration, then they can buy a policy and pay …

Source: findlaw.com, Consideration is the value bargained for by the parties, and most decisions indicate there is no reason to inquire into a party’s motivation for giving another party an incredible deal. Having said that, consideration must meet other requirements. The consideration must be an exchange for the bargain in question; past consideration is no good.

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