consideration+law

lavta | 09:28 Wed 06th Feb 2002 | How it Works

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What is consideration?

An intriguing question

Contract

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FionaS

Consideraton is a promise from one party to a contract which constitues the price for buying a promise from the other party to the contract, usually it will be money but it could be an agreement to do or not to do something. There must be consideration for any contract to be valid (except a Deed).

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