Executory Consideration - Law Dictionary Search Results
Executory consideration
Matched in: Term Executory consideration
Contract
the parties. All simple contracts require a consideration to support them. Contracts are also distinguished into executed and executory: executed, where nothing remains to be done by either party, and where the transaction is completed at the
Consideration
Matched in: Term Consideration
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Specific performance
agreement, See Douglas v. Baynes, 1908 AC 477. (d) The contract must be entered into for a valuable executory consideration, such as marriage or money; and not for a merely good consideration, how meritorious soever it may be.
Immoral contracts
is not sufficient, but because it is a specialty (see CONTRACT), and has not been made for an executory consideration of an illegal nature. A covenant to pay money in consideration of future cohabitation is void, though under
Executed consideration
Matched in: Term Executed consideration
Uses
considerations. (b) Those arising by act of law, which were either- (1) Resulting; (2) Implied. II. Future or executory, distributable into: (a) Shifting or secondary; (b) Springing; (c) Contingent. See TRUSTS. Objections to uses before the Statute:- … By express declaration in a feoffment, deed, etc. (2) By presumed intention in a will; (3) By certain considerations. (b) Those arising by act of law, which were either- (1) Resulting; (2) Implied. II. Future or executory,
Imperfect trust
Imperfect trust, an executory trust, which has not been sufficiently declared or constituted, some-thing remaining to be done to perfect it, will … remaining to be done to perfect it, will not be enforced inequity if it is purely voluntary; see CONSIDERATION and Re Pryce, Neville v. Pryce, (1916) 86 LJ Ch 383; and see EXECUTED TRUST.
contract
one states an inaccurately high price for the purpose of defrauding a lender into providing a larger loan executory contract : a contract that sets forth promises that are not yet performed express contract : a contract … the other's duty ;also : a document embodying such an agreement see also accept, bargain, breach, cause, consent, consideration, duty, meeting of the minds, obligation, offer, performance, promise, rescind, social contract, subcontract Uniform Commercial Code in the
Trust
thus:- (I.) Express, or defined by words; divided into- (a) Trusts executed, perfect, complete, or constituted. (b) Trusts executory, imperfect, incomplete, or directory. (II.) Arising by operation of law, such as (a) Constructive, which arise when property … interest was intended for the benefit of the grantee or any person other than the grantor himself. See CONSIDERATION (last paragraph). Trusts are also divisible into: (1) permanent, when there is a continuing duty to be performed
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