- published: 31 Jan 2016
- views: 1317880
Consideration is the concept of legal value in connection with contracts. It is anything of value promised to another when making a contract. It can take the form of money, physical objects, services, promised actions, abstinence from a future action, and much more. Consideration to create a legally enforceable contract entails a bargained for, legal detriment incurred by the promisee OR a legal benefit to the promisor. Under the notion of "pre-existing duties", if either the promisor or the promisee already had a legal obligation to render such payment, it cannot be seen as consideration in the legal sense.
In common law it is a prerequisite that both parties offer consideration before a contract can be thought of as binding. The doctrine of consideration is irrelevant in many jurisdictions, although contemporary commercial litigant relations have held the relationship between a promise and a deed is a reflection of the nature of contractual considerations. If there is no element of consideration found, there is thus no contract formed.
I don't think that kindness is a weakness
I don't have a problem with compassion
Tell me what you're thinking? Would you like to be so high?
Could you give consideration to something that you did not realize? Yeah
Would you close your ears to the things you did not believe?
Tell me would you be strong? Would you be the one to carry on?
Tell me would you be strong? Would you be one to carry on
I don't think that kindness is a weakness
I don't have a problem with compassion
Would you close your ears to the things you did not believe?
Tell me would you be strong? Would you be the one to carry on?
Tell me would you be strong? Would you be one to carry on
Half don't come here, half don't come here
Half don't come here, so I do
It's gonna be alright
It's gonna be alright
It's gonna be alright