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Simple English definitions for legal terms

legally sufficient consideration

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A quick definition of legally sufficient consideration:

Legally sufficient consideration refers to something of value that is exchanged between parties in a contract. This can be an act, a promise, or a forbearance, and it must be fair and reasonable under the circumstances. Consideration is necessary for a contract to be enforceable, and it must be legally sufficient to support the promises made in the agreement. Past consideration, or something given in the past, is not considered legally sufficient consideration. Additionally, consideration that is illegal or immoral is not valid and cannot support a contract.

A more thorough explanation:

Definition: Legally sufficient consideration refers to something of value that is exchanged between parties in a contract. This can be an act, a forbearance, or a return promise that motivates a person to engage in a legal act. Consideration is necessary for an agreement to be enforceable. It must be fair and reasonable under the circumstances of the agreement.

Example: A company promises to pay an employee $50,000 per year in exchange for the employee's work. The employee's work is the consideration in this contract. If the company fails to pay the employee, the employee can take legal action to enforce the contract.

Explanation: In this example, the employee's work is the consideration that motivates the company to pay $50,000 per year. The exchange of the employee's work for the company's payment is legally sufficient consideration. If the company fails to pay, the employee can take legal action because the contract is enforceable due to the legally sufficient consideration.

legally protected interest | legal malice

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shaquilleoatmeal
16:03
@babycat: 😘 see you in a bit, grind out those essays before you hop back on
shaquilleoatmeal
16:04
appreciate the non wink since you didn't appreciate it them then lol
babycat
16:06
I'll do it for you ;)
16:06
Tough to justify attending a law school where the admissions office does epic resistance political commentary at the info session
BulbasaurNoLikeCardio
16:07
making me feel jealous here wow, I am about to go taste test a bunch of deserts for our baby shower this weekend.
BulbasaurNoLikeCardio
16:07
@milktoast: what school got political at an info session?
shaquilleoatmeal
16:11
nothin to be jealous about, i've been trying to slide into babycats dms but shes got a long line I guess I gotta wait in to see if I can get in lmao
babycat
16:11
omg if you get into ASU they give you travel expense reimbursement to go there for a visit. does anyone know which other schools do this? I'd love to get a comped vacation
shaquilleoatmeal
16:12
think BU gives you $300 or somethin
ClassyPleasantHeron
16:12
Where is ASU getting this kind of $$$ from? They waive CAS fees too.
babycat
16:13
@shaquilleoatmeal: yeah but then you have to go to Boston :(
shaquilleoatmeal
16:14
uva too
shaquilleoatmeal
16:14
whats wrong w boston ;(
GOT PROMOTED YAY how do i tell law schools abt this?
like do i type up and separate doc and send as an attachment? how much do i write?
shaquilleoatmeal
16:15
@jackfrost11770: LFGGGG
TYYYYYY
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!!
:D
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
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