want of consideration — Absence of consideration; failure of consideration; insufficiency of consideration. See failure of consideration; sufficient consideration … Ballentine's law dictionary
want of consideration — In the general law of contracts, this term means a total lack of any valid consideration for a contract, while failure of consideration is the neglect, refusal or failure of one of the parties to perform or furnish the consideration agreed on.… … Black's law dictionary
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
want — I noun absence, conatus, dearth, default, defect, deficiency, deficit, desideratum, desire, destitution, distress, exigency, impoverishment, insufficiency, lack, meagerness, necessitude, necessity, need, needfulness, neediness, paucity, pauperism … Law dictionary
partial want of consideration — The situation where an instrument is given in part for a valuable consideration and in part as a gift. Anno: 161 ALR 1372, 1378; 11 Am J2d B & N § 244. See partial failure of consideration … Ballentine'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
failure of consideration — failure of consideration: the neglect, refusal, or failure of a party to a contract to perform as promised or furnish the consideration promised; also: the extinguishment of the consideration or of the worth of the consideration promised Merriam… … Law dictionary
failure of consideration — As applied to notes, contracts, conveyances, etc., this term does not necessarily mean a want of consideration, but implies that a consideration, originally existing and good, has since become worthless or has ceased to exist or been extinguished … Black's law dictionary
failure of consideration — As applied to notes, contracts, conveyances, etc., this term does not necessarily mean a want of consideration, but implies that a consideration, originally existing and good, has since become worthless or has ceased to exist or been extinguished … Black's law dictionary
