- valuable consideration
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valuable consideration see consideration
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
- valuable consideration
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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. Amy Hackney Blackwell. 2008.
- valuable consideration
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See: considerationCategory: Business, LLCs & CorporationsCategory: Personal Finance & Retirement
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
- valuable consideration
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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
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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
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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.
Law dictionary. EdwART. 2013.