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LSDefine

Simple English definitions for legal terms

Valuable consideration

Read a random definition: nihil capiat per breve

A quick definition of Valuable consideration:

Valuable consideration: Valuable consideration means that when two people make a deal, they both have to give something that is worth something to the other person. This is important because it makes sure that the deal is fair and that both people are getting something they want. It can be money, things, or services, but it can't be something really small that doesn't really count as payment. If someone doesn't give valuable consideration, it might mean that they are trying to trick the other person, and that's not allowed.

A more thorough explanation:

Definition: Valuable consideration refers to a fair price paid by one party in exchange for something in a contract or sale. It can be monetary or non-monetary, but it must be sufficient to make the contract legally binding.

For example, if you buy a car from a dealership, the money you pay is the valuable consideration. In return, you receive the car. If you agree to clean the dealership's windows in exchange for the car, that would not be considered valuable consideration because it is not a fair exchange.

Valuable consideration is important in contracts because it distinguishes them from gifts. A contract must involve consideration from both parties to be legally binding. Consideration can come in many forms, but it must be sufficient to make the contract enforceable.

Valuable consideration can also be important in cases of fraud. If someone is paid much more than what they sold, it may be evidence of fraudulent activity.

Vagueness doctrine | Valuable papers

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TGM
18:40
I actually do have a transcript issue that registrar needs to resolve, should I say that
TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
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?
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