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Consideration - Law Dictionary Search Results

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Meritorious consideration

Meritorious consideration, one founded upon some moral obligation.

Gift

a mere voluntary assurance or transfer of property without any consideration being given for it. Such a transaction is apt to

Salary or wages

or of the ownership in immovable property for a money consideration. But, in exchange, there is a reciprocal transfer of interest

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Sale price

'Sale Price' means the amount payable to a dealer as consideration for the sale of any goods, less any sum allowed

Voluntary conveyance

A conveyance by way of gift or otherwise without valuable consideration. Liable to be defeated, under 27 Eliz. c. 4, by

Consumer

Means any person who (i) buys any goods for a consideration which has been paid or promised or partly paid and

Contract

the acts of the parties. All simple contracts require a consideration to support them. Contracts are also distinguished into executed and

Lease

he to whom the property is granted, the lessee. The consideration is usually the payment of a rent or other annual

Purchase price

Purchase price, means the amount of valuable consideration paid or payable by a person for any purchase made

Trust

grantee or any person other than the grantor himself. See CONSIDERATION (last paragraph). Trusts are also divisible into: (1) permanent, when

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