Good Consideration - Law Dictionary Search Results
Gift
(1868) LR 6 Eq 655. In the absence of any such objection, however, a gift if completed is good both at law and in equity, but the Court will do nothing to perfect the gift if the … Dict. A gift is now understood to mean a mere voluntary assurance or transfer of property without any consideration being given for it. Such a transaction is apt to be very jealously scrutinized in a Court of
Fraudulent conveyances, Statutes against
the law of bankruptcy, nor does it extend to conveyances in good faith either for valuable or for good consideration to any person without notice of fradulent intent. This enactment replaces 13 Eliz. c. 5 (A.D. 1570), made … utterly void. But the Act shall not be construed to defeat or make void any conveyance, etc., for good consideration and bona fide. The Act was held to extend to mere voluntary assurances, and accordingly any voluntary conveyance
Resale of goods
Resale of goods, a resale of goods is also a sale of goods and the money consideration for such resale is
Keep your definitions linked to case research
Purchaser
2 Ch 530. Under the (English) Law of Property Act, 1925, s. 205, 'purchaser' means a purchaser in good faith for valuable consideration and includes a lessee, mortgagee or other person who for valuable consideration acquires an
Buyer
of 1930), s. 2 (1)] Means whoever buys any goods or receives any services from a supplier for consideration. [Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993 (32 of 1993), s. 2 … to purchase for money] a purchaser. See CAVEAT EMPTOR. Means a person who buys or agrees to buy goods. [Sale of Goods Act, 1930 (3 of 1930), s. 2 (1)] Means whoever buys any goods or receives
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 … Exchange, a contract of sale denotes a transfer of property in goods by mutual consent. Such a transfer of ownership must be in relation to transfer from one person to
Mutual promises
made simultaneously. If they be made at different times on the same day they will not be a good consideration for each other because of the want of reciprocity of obligation at the moment the contract is made,
Fairness
Fairness, is a fundamental principle of good administration. It is a rule to ensure the vast power in the modern State is not abused but … is used for proper and not for improper purposes. The authority is not misguided by extraneous or irrelevant considerations. Fairness is also a principle to ensure that statutory authority arrives at a just decision either in promoting
lease
which governs leases where adopted, defines lease as “a transfer of the right to possession and use of goods for a term in return for consideration.” build·ing lease : ground lease in this entry consumer lease :
Specific performance
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. (e) While a valuable consideration exists on the one side, there must
- ‹ Prev
- 1
- 3
- 4
- 5
- Next ›
- Last »
Try the research workspace - 7 days free