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Simple English definitions for legal terms

sufficient consideration

Read a random definition: Green Paper on Copyright and the Challenge of Technology

A quick definition of sufficient consideration:

Sufficient consideration is something that is given or promised by one person in exchange for a promise from another person. It can be 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. Consideration can be past, present, or future. It can be implied by law or specifically stated in an instrument. Consideration that is illegal or immoral is not valid. Nominal consideration, which is a small payment, can be valid if it is part of a socially useful transaction. Deliberative assemblies also use the term consideration to refer to the process by which they dispose of a motion.

A more thorough explanation:

Definition: Sufficient consideration is something that is bargained for and received by a promisor from a promisee. It 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.

Example: If John promises to pay Jane $100 to mow his lawn, the $100 is the consideration for Jane's act of mowing the lawn. In this case, the consideration is sufficient because it is a fair exchange of value between the two parties.

Explanation: In this example, John is promising to pay Jane $100 in exchange for her act of mowing his lawn. This exchange of value is considered sufficient consideration because it is a fair and reasonable exchange between the two parties. Without sufficient consideration, the agreement between John and Jane would not be legally enforceable.

sufficient | suffragan

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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
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
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