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Simple English definitions for legal terms

concurrent consideration

Read a random definition: harboring an illegal alien

A quick definition of concurrent consideration:

Concurrent consideration is something that is given or promised by one person to another at the same time as other consideration, or where the promises are made simultaneously. It is a necessary element for an agreement to be enforceable. Consideration can be an act, a forbearance, or a return promise that motivates a person to engage in a legal act. It can be something of value given or promised by one party in exchange for the promise of the other. Consideration can be fair and reasonable under the circumstances of the agreement, or it can be grossly inadequate or illegal. Past consideration, or something given, done, or suffered in the past which purportedly supports a subsequent promise, is not considered valid consideration. The process by which a deliberative assembly disposes of a motion is also called consideration.

A more thorough explanation:

Definition: Concurrent consideration is a type of consideration that arises at the same time as other consideration or where the promises are simultaneous. Consideration refers to something (such as an act, a forbearance, or a return promise) that is bargained for and received by a promisor from a promisee, and which motivates a person to engage in a legal act. It is necessary for an agreement to be enforceable.

Example: A agrees to sell his car to B for $10,000, and B agrees to pay the amount. Here, the consideration is concurrent because both parties are making promises at the same time. A is promising to sell the car, and B is promising to pay the amount.

Explanation: In this example, A and B are exchanging promises at the same time, and both promises are the consideration for the agreement. A's promise to sell the car is the consideration for B's promise to pay the amount, and vice versa. This type of consideration is common in contracts where both parties are making promises to each other.

concurrent cause | concurrent covenant

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m10
20:42
Get the ones that are dressed up then!
@JumpySubsequentDolphin: LITERALLY I also just applied to work at garage cuz 50% EMPLOYEE DISCOUNT
m10
20:43
Or legacy collection v1
JumpySubsequentDolphin
20:43
@SplitterusClitterus: GARAGE JEANS FIT ME SO WEIRDLY WHICH SUCKS BC THEYRE SO CUTE
m10
20:43
The cool thing about V2 was it was an infinitely generating collection so they would have never sold out but they ended it early cus of the bear market.
@JumpySubsequentDolphin: NAURRR i need to try them on to see. ive never owned anything from them exceot maybe a tank in middle school?? but ive been a longtime lurker/windowshopper/fan
JumpySubsequentDolphin
20:45
SPLITTY if their jeans fit on my thighs they’re too big on my waist!!! it’s so frustrating
NOOO THEIR WHITE GIRL JEANS actually idk why im surprised
THEYRE**** THAT WAS AUTOCORREXT I SWEAR
babycat
20:46
@m10: infinitely generating means it comes up with new pictures? or new copies of the same pictures?
JumpySubsequentDolphin
20:46
if you’re the slightest bit curvy they are so obnoxious. me and my Abercrombie curve love’s are good together
SHUT UP I LOVE ABERCROMBIE JEANS
m10
20:47
Did y'all see this from ararara last night? https://studicata.com/case-briefs/all/
THOSE FIT SOO GOOD. i desperately need new jeans tho i ahvent gone shopping in millennia so a discount would come in clutch
JumpySubsequentDolphin
20:48
I got these jeans from re/done on a crazy sale and I love them BYT RHEY HAVE FIVE BUTTONS
JumpySubsequentDolphin
20:48
I DIDNT REALIZE WHEJ I BOUGHT THEM BC THEYRE HIDDEN. LIKE INSTEAD OF A ZIPPER THEYREBALL BUTTONS
JumpySubsequentDolphin
20:48
what if I have to pee.
THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
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