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LSDefine

Simple English definitions for legal terms

invented consideration

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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

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19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
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