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LSDefine

Simple English definitions for legal terms

legal consideration

Read a random definition: act of commission

A quick definition of legal consideration:

Legal consideration refers to something of value that is given or promised by one party in exchange for the promise of the other party. This can include an act, a forbearance, or a return promise. Consideration is necessary for an agreement to be enforceable. It must be fair and reasonable under the circumstances of the agreement, and it cannot be illegal or immoral. Past consideration, or something given, done, or suffered in the past, is not considered valid consideration. Valuable consideration is something that is of value to one or both parties, and it can involve gain or benefit to the promisor or loss or disadvantage to the promisee. In parliamentary law, consideration refers to the process by which a deliberative assembly disposes of a motion, including debate, amendment, and referral to a committee.

A more thorough explanation:

Legal consideration refers to something of value that is exchanged between parties in a contract. This can be an act, a promise, or a forbearance. Consideration is necessary for a contract to be enforceable.

For example, if you agree to pay someone $100 to mow your lawn, the $100 payment is the legal consideration for the act of mowing the lawn. If one party fails to provide the agreed-upon consideration, the contract may not be enforceable.

It is important to note that consideration must be something of value. For instance, if you promise to mow someone's lawn out of the goodness of your heart, that promise is not considered legal consideration because it does not involve an exchange of value.

legal conclusion | legal cruelty

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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.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
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