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Consideration - Law Dictionary Search Results

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Exchange

consent. Such a transfer of ownership must be in relation to transfer from one person to another. The consideration would be a price in the form of money. Only when the consideration for transfer consists of other

Fair market value

the open market on the date of execution of the instrument of transfer of such property, if the consideration for such transfer had been by way of premium only; (iii) in relation to any immovable property transferred,

Rent

must issue out of the thing granted, and not be part of the land or the thing itself. Consideration paid, usu. periodically, for the use or occupancy of property (esp. real property), Black's Law Dictionary, 7th Edn.,

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Insurance

it is clear gain. The instrument by which the contract is made is called a policy; the stipulated consideration, a premium. As to what is known as a coupon policy, i.e., a coupon cut out of a

Infant

age of any promise or contract made during infancy, whether there shall or shall not be any new consideration for such promise or ratification after full age. The (English) law of Property legislation of 1925 introduced some

Lottery

means a chance for a prize for a price and unless all the three essential elements, namely chance, consideration and prize are present the scheme or the transaction would not amount to a lottery, H. Anraj v.

Mahr (dower)

for marriage: As explained in an old judgment by Justice Syed Mahmood, maher is 'not the exchange or consideration given by the man to the woman, but an effect of the contract imposed by law on the

Mutual promises

Mutual promises, concurrent considerations, which will support each other, unless one or the other be void; in which case, there being no

Notice

purchaser with notice may protect himself by purchasing the title of another bona fide purchaser for a valuable consideration without notice; for, otherwise, such bona fide purchaser would not enjoy the full benefit of his own unexceptionable

Reading of a Bill

place on the floor of the House but certain public Bills are referred to Second Reading Committee for consideration in principle. After it the Bill is referred to Standing Committee for detailed examination. Third reading takes place

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