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LSDefine

Simple English definitions for legal terms

consideration, want of

Read a random definition: jury nullification

A quick definition of consideration, want of:

Term: Consideration, Want of

Definition: Want of consideration means that there was no exchange of something of value between the parties involved in a contract. In simpler terms, it means that one party did not receive anything in return for their promise or agreement. This can make the contract invalid or unenforceable. It is different from failure of consideration, which means that something promised was not delivered or provided as agreed upon.

Examples: If someone promises to sell their car to another person for $5,000 but the buyer never pays the money, there is want of consideration because the seller did not receive anything in exchange for their promise to sell the car. On the other hand, if the buyer pays the money but the seller never delivers the car, there is failure of consideration because the buyer did not receive what was promised.

A more thorough explanation:

Definition: Want of consideration refers to the lack of consideration for a contract. It means that one party did not receive anything of value in exchange for their promise or obligation. This can make the contract unenforceable.

Examples:

  • John promises to give Sarah his car, but Sarah does not promise anything in return. This is want of consideration because Sarah did not give anything of value in exchange for John's promise.
  • Tom promises to pay $500 to Jerry for mowing his lawn, but Jerry never mows the lawn. This is not want of consideration because Tom promised to pay in exchange for the lawn mowing, but Jerry did not fulfill his obligation.

The examples illustrate how want of consideration can make a contract unenforceable. In the first example, Sarah did not give anything in exchange for John's promise, so there was no consideration. Therefore, John cannot enforce the contract and make Sarah give him anything. In the second example, Tom promised to pay in exchange for lawn mowing, but Jerry did not fulfill his obligation. Therefore, Tom can enforce the contract and make Jerry mow the lawn or pay damages.

consideration, failure of | consideratum est per curiam

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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