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LSDefine

Simple English definitions for legal terms

want of consideration

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A quick definition of want of consideration:

Want of consideration refers to a situation where there is no exchange of something valuable between the parties involved in a contract. This means that one party did not receive anything in return for their promise or obligation. It is important to have consideration in a contract because it shows that both parties are giving and receiving something of value, which makes the contract legally binding. Want of consideration is different from failure of consideration, which occurs when one party does not fulfill their promise after receiving consideration from the other party.

A more thorough explanation:

Definition: Want of consideration refers to the lack of consideration for a contract. Consideration is something of value that is exchanged between parties in a contract. If one party fails to provide consideration, the contract may be considered invalid.

Example: John promises to give Sarah $1000 for her car. Sarah agrees to sell her car to John for $1000. However, if John fails to provide the $1000, there is a want of consideration and the contract is not valid.

Explanation: In this example, John promised to provide $1000 in exchange for Sarah's car. However, if John fails to provide the $1000, there is no consideration for the contract. Therefore, the contract is not valid.

Example: Mary promises to give her friend, Tom, a ride to the airport. However, Mary fails to show up to give Tom a ride. There is a want of consideration in this situation because Mary did not provide the promised service.

Explanation: In this example, Mary promised to provide a service (a ride to the airport) in exchange for nothing. However, if Mary fails to provide the service, there is no consideration for the contract. Therefore, the contract is not valid.

want of amicable demand | want of prosecution

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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.
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
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