Nominal Consideration - Law Dictionary Search Results
Home Dictionary Name: nominal considerationnominal consideration
nominal consideration see consideration ...
consideration
consideration : something (as an act or forbearance or the promise thereof) done or given by one party for the act or promise of another see also contract compare motive NOTE: Except in Louisiana, consideration is a necessary element to the creation of a contract. The consideration must result from bargaining by the parties, and must be the thing that induces the mutual promises. ad·e·quate consideration : a consideration that is reasonably equivalent in value to the thing for which it is given fair consideration : a consideration that is reasonable and given in good faith ;specif : something with a reasonably equivalent value that under the laws of fraudulent conveyances is given in good faith in exchange for the transfer of property good consideration 1 : a consideration based on a family relationship or natural love and affection 2 : valuable consideration in this entry NOTE: When used as defined in sense 1 good consideration is the opposite of valuable consider...
Consideration
Consideration. Any act of the promisee (the person claiming the benefit of an obligation) from which the promisor (the person burdened with the obligation) or a stranger derives a benefit or advantage, or any labour detriment or inconvenience sustained or suffered by the promisee at the request, express or implied, of the promisor. See Laythoarp v. Bryant, 3 Scott 250; 2 Wms. Saund 137 h; Currie v. Misa, (1875) LR 10 Exch 153.Consideration is one of the facts which the courts require as evidence of intention, (a) that a person intends his promise to be binding on him, or (b) that he intends to divest himself of a beneficial interest in property. In its widest sense consideration is the price, motive or inducement for a promise or for a transfer of property from one person to another. The nature or quality of the consideration which will be sufficient for these purposes varies with the nature of the transaction and in the absence of consideration the Courts will, except in the case of s...
Purchaser
Purchaser, a buyer, a vendee; also the root of descent, from whom, under the (English) Inheritance Act, 1833, the descent was in every case to be traced, before 1926, and now, as to a limitation to the heir taking effect as purchaser (see previous title, and (English) L.P. Act, 1925, s. 132).The statute enacts that in every case descent shall be traced from the purchaser; and to the intent that the pedigree may never be carried further back than the circumstances of the case and the nature of the title shall require, the person last entitled to the land (which expression extends to the last person who had a right thereto, whether he did or did not obtain the possession or the receipt of the rents and profits thereof (s. 1)), is, for the purposes of the Act, to be considered to have been the purchaser thereof, unless it shall be proved that he inherited the same, in which case the person from whom be inherited the same shall be considered to have been the purchaser, unless it shall be p...
voluntary
voluntary 1 a : proceeding from one's own free choice or consent rather than as the result of duress, coercion, or deception [a statement] b : not compelled by law : done as a matter of choice or agreement [ arbitration] c : made freely and with an understanding of the consequences [a plea of guilty] 2 : done by design or intention 3 : made without valuable consideration or for nominal consideration [a conveyance] vol·un·tar·i·ly [vÄ -lən-ter-ə-lē] adv vol·un·tar·i·ness n ...
Direct nomination
The nomination or designation of candidates for public office by direct popular vote rather than through the action of a convention or body of elected nominating representatives or delegates The term is applied both to the nomination of candidates without any nominating convention and loosely to the nomination effected as in the case of candidates for president or senator of the United States by the election of nominating representatives pledged or instructed to vote for certain candidates dssignated by popular vote...
Nominated authority
Nominated authority, means an officer not below the rank of Station Officer nominated by the Chief Fire Officer, and includes an officer nominated by a local authority or a railway administration as a nominated authority for the purposes of this Act. [Delhi Fire Prevention and Fire Safety Act, 1986 (56 of 1986), s. 2(i)] [s. 2(i), Additional Emoluments (Compulsory Deposit) Act]...
Nomination
Nomination, is equivalent to the word 'appointments'. When used by a mayor in an instrument executed for the purpose of appointing certain persons to office, (P. Ramanatha Aiyar's Law Lexicon, 2nd Edn., pp. 1310-11) see also Konkan Railway Corpn. Ltd. v. Rani Construction Pvt. Ltd., (2000) 8 SCC 151.Nomination, means (1) the action process or instance of nominating, (2) the act, process or an instrument of nominating; and act or right of designating for an officer or duty....
nominate
nominate [Latin nominatus, past participle of nominare to call by name, from nomin- nomen name] in the civil law of Louisiana : having a special or certain name compare innominate [nÄ -mə-nāt] vt -nat·ed -nat·ing 1 : to appoint or propose for appointment to an office, position, or place [if the testator has nominated an executor of the will] [the President…shall and by and with the advice and consent of the Senate, shall appoint ambassadors "U.S. Constitution art. II"] 2 : to propose as a candidate for election to office nom·i·na·tion [nÄ -mə-nā-shən] n ...
Nominal damage
Nominal damage, 'nominal damage' is a technical phrase which means that the Court has negatived anything like real damage, but is affirming that there is an infraction of a legal right, Indian Hume Pipe Co. Ltd. v. Vendra Venkanna Proprietor of Jai Bharathi Cement Works, AIR 1963 AP 58.Nominal damages. See DAMGES....
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