Search results
Results from the WOW.Com Content Network
The traditional notion that courts won't look into the adequacy of consideration, an ancient notion in the English common law, doesn't square with the benefit-detriment theory (in which courts are implicitly analyzing if the parties are receiving a sufficient benefit) but does square with the bargain theory (in which only the subjective ...
Consideration is an English common law concept within the law of contract, and is a necessity for simple contracts (but not for special contracts by deed). The concept of consideration has been adopted by other common law jurisdictions, including in the United States .
Consideration may be past, present or future. Past consideration is not consideration according to English law. However it is a consideration as per Indian law. Example of past consideration is, A renders some service to B at latter's desire. After a month B promises to compensate A for service rendered to him earlier.
At common law, this was the name of a mixed action (springing from the earlier personal action of ejectione firmae) which lay for the recovery of the possession of land, and for damages for the unlawful detention of its possession. The action was highly fictitious, being in theory only for the recovery of a term for years, and brought by a ...
In mathematics, a law is a formula that is always true within a given context. [1] Laws describe a relationship , between two or more expressions or terms (which may contain variables ), usually using equality or inequality , [ 2 ] or between formulas themselves, for instance, in mathematical logic .
The same term can also be used more informally to refer to something "standard" or "classic". For example, one might say that Euclid's proof is the "canonical proof" of the infinitude of primes. There are two canonical proofs that are always used to show non-mathematicians what a mathematical proof is like:
A sine qua non (/ ˌ s aɪ n i k w eɪ ˈ n ɒ n, ˌ s ɪ n i k w ɑː ˈ n oʊ n /, [1] Latin: [ˈsɪnɛ kʷaː ˈnoːn]) or conditio sine qua non (plural: conditiones sine quibus non) is an indispensable and essential action, condition, or ingredient.
For example, in the 1904 case Fischer v. Union Trust Co., the Michigan Supreme Court held that the one dollar paid for the sale of real property did not constitute valuable consideration since the transaction had not been bargained for—a dollar was handed to a mentally incompetent "buyer" who then dutifully handed it to the "seller". The ...