valuable consideration

valuable consideration
valuable consideration see consideration

Merriam-Webster’s Dictionary of Law. . 1996.

valuable consideration
n.
Something of value given in exchange for a performance or a promise, which entitles the recipient of the promise to enforce a claim against a promisor who fails to perform.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


valuable consideration
Category: Business, LLCs & Corporations
Category: Personal Finance & Retirement

Nolo’s Plain-English Law Dictionary. . 2009.


valuable consideration
In the formation of a valid and binding contract, something of worth or value that is either a detriment incurred by the person making the promise or a benefit received by the other person.

Dictionary from West's Encyclopedia of American Law. 2005.


valuable consideration
In the formation of a valid and binding contract, something of worth or value that is either a detriment incurred by the person making the promise or a benefit received by the other person.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

valuable consideration
n.
   a necessary element of a contract, which confers a benefit on the other party. Valuable consideration can include money, work, performance, assets, a promise or abstaining from an act.
   See also: consideration, contract

Law dictionary. . 2013.

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Look at other dictionaries:

  • Valuable consideration — Valuable Val u*a*ble, a. 1. Having value or worth; possessing qualities which are useful and esteemed; precious; costly; as, a valuable horse; valuable land; a valuable cargo. [1913 Webster] 2. Worthy; estimable; deserving esteem; as, a valuable… …   The Collaborative International Dictionary of English

  • valuable consideration — A consideration in money or in something having monetary value. 17 Am J2d Contr § 95. A consideration in money, money s worth, the release of a right, or the compromise of a demand. 37 Am J2d Frd Conv § 18. Something received of monetary value or …   Ballentine's law dictionary

  • valuable consideration — noun : an equivalent or compensation having value that is given for something (as money, marriage, services) acquired or promised and that may consist either in some right, interest, profit, or benefit accruing to one party or some responsibility …   Useful english dictionary

  • valuable consideration — noun Date: 1602 an equivalent or compensation having value that is given for something acquired or promised (as money or marriage) and that may consist either in a benefit accruing to one party or a loss falling upon the other …   New Collegiate Dictionary

  • valuable consideration — /ˌvæljubəl kənsɪdəˈreɪʃən/ (say .valyoohbuhl kuhnsiduh rayshuhn) noun something of value given in exchange on the making of a contract …  

  • 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

  • Consideration (England und Wales) — Consideration bezeichnet im Recht von England und Wales ein Erfordernis für die Einklagbarkeit von Verträgen. Inhaltsverzeichnis 1 Definition 2 Voraussetzungen 2.1 Angemessenheit 2.2 Erfüllung einer …   Deutsch Wikipedia

  • Valuable — Val u*a*ble, a. 1. Having value or worth; possessing qualities which are useful and esteemed; precious; costly; as, a valuable horse; valuable land; a valuable cargo. [1913 Webster] 2. Worthy; estimable; deserving esteem; as, a valuable friend; a …   The Collaborative International Dictionary of English

  • valuable — I adjective above par, advantageous, beneficial, choice, commanding a good price, costly, dear, desirable, edifying, effective, effectual, efficacious, esteemed, estimable, excellent, expensive, favorable, fine, gainful, good, helpful, important …   Law dictionary

  • fair and valuable consideration — One which is a substantial compensation for the property conveyed, or which is reasonable, in view of the surrounding circumstances and conditions and market value of comparable properties in same vicinity, in contradistinction to an inadequate… …   Black's law dictionary

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