In consideration thereof. 3 Salk. 04, pi. 5.
Search Results for: consideration
IMPLIED CONSIDERATION
the term that is given to the payment or a reward given to a person for an action.
IMMORAL CONSIDERATION
a contract that is in contrary to public morals and is a consideration that the public will hold to be indecent.
ILLEGAL CONSIDERATION
This term applies to an agreement or a contract that of carried out will be contrary to public interest.
GOOD CONSIDERATION
A reason for doing something based on natural affection, generosity, love, or moral duty. This reason is insufficient to judge a commercial contract or promise enforceable as it lacks valid, valuable, and legal basis for the reason. Also refer to valuable consideration.
FAIR AND VALUABLE CONSIDERATION
This term applies to the fair amount of money for the sale and transfer of property.
FAILURE OF CONSIDERATION
When a contract party fails to do what they agreed to. The other party as to get restitution and make a claim.
EXECUTORY CONSIDERATION
An as yet unfulfilled promise made for some consideration. Refer to executed consideration.
EXECUTED CONSIDERATION
The payoff, regardless of how or what, on a completed promise. Refer to executory consideration.
ANNUITY CONSIDERATION
The payments or lump sum required to prucure a policy.