Topic: Consideration and Contracts
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What is unlawful consideration in contracts?
Section 23 The consideration or object of an agreement is lawful, unless- it is forbidden by law 1[ ; or is of such a nature that, if permitted, it would defeat the provisions of any law; or is fraudulent; or involves or implies injury to t... Read More »
Source: http://wiki.answers.com/Q/What_is_unlawful_consideration_in_contr...
What is consideration as element of a contract?
Consideration is the Promise or Performance that flows between the parties to a contract. It is also called legal detriment. Read More »
Source: http://wiki.answers.com/Q/What_is_consideration_as_element_of_a_c...
What stranger to contract and consideration?
1. A stranger to the contract is an entity not party to a contract. It can also specifically refer to an entity seeking to deprive one of the parties the benefit of the contract, such as in the case of the business torts of tortious inferen... Read More »
Source: http://wiki.answers.com/Q/What_stranger_to_contract_and_considera...
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Consideration and Contracts
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If you're studying contracts, you should know what a contract is - that is, what it consists of. A contract must have mutual assent and consideration. But what are these things? And how do you know if they're present to form a binding contr...
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Source: http://www.ehow.com/how_4552534_understand-mutual-assent-consider...
the significance of consideration in law of contract is that it sets a value of exchange to the agreement between the parties
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Source: http://wiki.answers.com/Q/What_is_significance_of_consideration_i...
Section 25 declares that `an agreement made without consideration is void'. It means that consideration is a must in all cases. Exceptions to the rule are: • written and registered agreement out of natural love and affection between the par...
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Source: http://wiki.answers.com/Q/What_are_the_exceptions_to_the_rule_tha...
Consideration is what each party gives up. There are two elements of consideration, legal detriment and inducement. Legal detriment in the sense of the law may consist either of some right, interest, profit, or benefit accruing to the one p...
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Source: http://wiki.answers.com/Q/What_is_bad_consideration_in_contract_l...
Consideration means "money" which is offered for performance of duties under the contract by the other party.
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Source: http://wiki.answers.com/Q/What_are_examples_of_consideration_in_t...
A widely used definition was provided in Dunlop v. Selfridge [1915] AC 847 , when Lord Dunedin approved Pollock 's 1876 Principles of Contract definition of consideration as follows: "An act of forbearance or the promise thereof is the pric...
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Source: http://wiki.answers.com/Q/What_is_the_definition_of_consideration...
