Consideration under American law
id:
consideration-under-american-law-257-4684526
title:
Consideration under American law
text:
Consideration is the central concept in the common law of contracts and is required, in most cases, for a contract to be enforceable. Consideration is the price one pays for another's promise. It can take a number of forms: money, property, a promise, the doing of an act, or even refraining from doing an act. In broad terms, if one agrees to do something he was not otherwise legally obligated to do, it may be said that he has given consideration. For example, Jack agrees to sell his car to Jill
brand slug:
wiki
category slug:
encyclopedia
description:
Concept in common law as applied in the US
original url:
https://en.wikipedia.org/wiki/Consideration_under_American_law
date created:
date modified:
2023-03-02T23:23:30Z
main entity:
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image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/5/5e/Contract_Flat_Icon.svg","width":512,"height":512}
fields total:
13
integrity:
15