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LSDefine

Simple English definitions for legal terms

consideration, want of

Read a random definition: definitive sentence

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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shaquilleoatmeal
16:16
do any of your schools have updated sections in the portal? If so, i'd upload there, if not email. Small paragraph should do it id think
1a2b3c4d26z
16:16
Who wanna play some operation metro later on
1a2b3c4d26z
16:16
Congrats jack!
thank you!!
babycat
16:16
@jackfrost11770: personally I would submit an updated resume reflecting the new position instead of a paragraph but idk what SOP is
getting a bacon egg and cheese in celebration
1a2b3c4d26z
16:18
lfg baby you earned that
babycat
16:20
also congrats!! big win
initiallaw
16:23
congrats!!
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the big W is that i get reimbursed for travel now thank GOD
jack moving up in the world :)
i have a brother named jack, so whenever i see your name im marginally happier than normal
babycat
16:37
I'm guessing you don't have a sibling named babycat but I hope I still make you marginally happier than normal despite this
JumpySubsequentDolphin
16:38
maybe he has a babycat
babycat
16:38
I think everyone should have a babycat
JumpySubsequentDolphin
16:39
im allergic to baby cats >:(
JumpySubsequentDolphin
16:40
I used to have a babycat, I only got allergies after he died
JumpySubsequentDolphin
16:40
I think he’s haunting me
babycat
16:40
:(
babycat
16:40
that's too bad
babycat
16:40
you still have me though <3
@babycat: you make my day marginally happier with your scathing wit
16:43
New Father John Misty album out today
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People saying it’s his best yet by far
babycat
16:45
what would I do without you renard99
awww ty wasp :)
i have 4 (baby) cats!
16:46
Damn you know her sarcasm is meant to be scathing when she calls me by my full username and not just Renard
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