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LSDefine
Simple English definitions for legal terms
impossible consideration
Read a random definition: P.P.
A quick definition of impossible consideration:
Impossible consideration refers to a promise or performance that cannot be fulfilled. Consideration is something that motivates a person to engage in a legal act, such as an act, forbearance, or return promise. It is necessary for an agreement to be enforceable. However, if the consideration is impossible to fulfill, the agreement cannot be enforced. For example, if someone promises to deliver a unicorn, which does not exist, the consideration is impossible, and the agreement is not enforceable.A more thorough explanation:
Definition: Impossible consideration is a type of consideration that arises from a promise or performance that cannot be fulfilled.
Example: A promises to give B a unicorn in exchange for B's car. Since unicorns do not exist, this promise is an example of impossible consideration.
This definition explains that impossible consideration is a promise or performance that cannot be fulfilled. The example given illustrates this concept by showing a promise that cannot be fulfilled because unicorns do not exist. This type of consideration is not valid and cannot be used to support a contract.