legal consideration

legal consideration
A consideration legally sufficient in support of a contract, although not in the nature of pecuniary gain or benefit to the person assuming the obligation. Albert Lee College v Brown, 88 Minn 524, 93 NW 672.

Ballentine's law dictionary. . 1998.

Игры ⚽ Поможем решить контрольную работу

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  • 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

  • legal — le·gal / lē gəl/ adj [Latin legalis, from leg lex law] 1: of or relating to law or the processes of law a legal question take legal action 2 a: deriving authority from or founded on law a legal tariff rate a legal government …   Law dictionary

  • Consideration — Contract law Part …   Wikipedia

  • legal — 1. Conforming to the law; according to law; required or permitted by law; not forbidden or discountenanced by law; good and effectual in law; of or pertaining to the law; lawful. Freeman v. Fowler Packing Co., 135 Kan. 378, 11 P.2d 276, 277. See… …   Black's law dictionary

  • legal — 1. Conforming to the law; according to law; required or permitted by law; not forbidden or discountenanced by law; good and effectual in law; of or pertaining to the law; lawful. Freeman v. Fowler Packing Co., 135 Kan. 378, 11 P.2d 276, 277. See… …   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 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

  • Legal English — is the style of English used by lawyers and other legal professionals in the course of their work. It has particular relevance when applied to the drafting of written material, including:* legal documents: contracts, licences etc * court… …   Wikipedia

  • Legal writing — is a type of technical writing used by legislators, lawyers, judges, and others in law to express legal analysis and legal rights and duties. Its distinguishing features include reliance on and citation to authority, importance of precedent,… …   Wikipedia

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