consideration+law

lavta | 10:28 Wed 06th Feb 2002 | How it Works

1 Answers

Subscribe
Report ⚑

What is consideration?

An intriguing question

Contract

Answers

Only 1 answer

Best Answer

No best answer has yet been selected by lavta. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.

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).

Only 1 answer

Do you know the answer?