Adequate Consideration - Law Dictionary Search Results
Adequate consideration
Matched in: Term Adequate consideration
adequate consideration
Matched in: Term adequate consideration
Adequate
Matched in: Term Adequate
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Consideration
Matched in: Term Consideration
Valuable consideration
Matched in: Term Valuable consideration
gift
this entry 2 : something voluntarily transferred without compensation 3 : a transfer of property for less than adequate consideration other than in the ordinary course of business used in the law of gift tax NOTE: The amount
nondeductible terminable interest rule
spouse may not be deducted if it passes from the surviving spouse to another person for less than adequate consideration upon the happening of some event (as the passing of a period of time)
waste
business purpose or for less than what a person of ordinary sound business judgment would consider to be adequate consideration [the essence of a claim of of corporate assets is the diversion of corporate assets for improper or
Contracting out of a statute
allows it. Again, s. 9 of the (English) Landlord and Tenant Act, 1927, excludes contracting out except for adequate consideration. See CONTRACT, FREE-DOM OF.
give
to execute and deliver [all officers must bond] c : to communicate or impart to another [failed to adequate notice] d : to offer or submit for the consideration of another [ testimony in court] 3 :
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