Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

invented consideration

Read a random definition: small entity

A quick definition of invented consideration:

Invented consideration is a made-up idea that a court uses to make sure a contract is valid, even if there wasn't really any fair exchange between the people involved. Consideration is something that one person gives or promises to give in exchange for something else, like money or a promise to do something. It's important for a contract to have consideration in order to be enforceable. Invented consideration is a way for a court to say that there was consideration, even if there wasn't really a fair exchange.

A more thorough explanation:

Definition: Invented consideration is a fictional consideration created by a court to prevent the invalidation of a contract that lacks consideration. Consideration refers to something of value that is exchanged between parties in a contract.

Example: A promises to give B a car, but B does not promise anything in return. This contract lacks consideration because B is not giving anything of value in exchange for the car. However, if the court were to find that B had previously performed a service for A, and A promised the car as a reward for that service, the court may invent consideration to uphold the contract.

Explanation: In this example, the court may find that B's previous service to A constitutes consideration, even though it was not originally part of the contract. By inventing consideration, the court can uphold the contract and prevent A from reneging on their promise to give B a car.

invent | inventio

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
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.
LSD+ is ad-free, with DMs, discounts, case briefs & more.