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The main purpose of the shift from benefit-detriment to bargain theory is to avoid inquiries into whether consideration is adequate. For example, if a person promised you their car for $1.00 because they needed to get rid of it, then the $1.00 might seem adequate.
Consideration need not be adequate. Consideration need not necessarily be equal in value to something given. So long as consideration exists, the courts are not concerned as to adequacy, provided it is for some value. Additionally, under the Indian Contract Act 1872, any consideration is invalid if it is: Forbidden by law [a]
An adequate remedy or adequate remedy at law is part of a legal remedy (either court-ordered or negotiated between the litigants) which the court deems satisfactory, without recourse to an equitable remedy. [1] [2] This consideration expresses to the court whether money should be awarded or a court order should be decreed. [1] "
If P is sufficient for Q, then knowing P to be true is adequate grounds to conclude that Q is true; however, knowing P to be false does not meet a minimal need to conclude that Q is false. The logical relation is, as before, expressed as "if P, then Q" or "P ⇒ Q". This can also be expressed as "P only if Q", "P implies Q" or several other ...
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.
This is often because stores may lack enough change for larger bills or want to minimize the risk of counterfeit currency. However, $20 bills will rarely cause issues. Handy in Emergencies
The adequate and independent state ground doctrine states that when a litigant petitions the U.S. Supreme Court to review the judgment of a state court which rests upon both federal and non-federal (state) law, the U.S. Supreme Court does not have jurisdiction over the case if the state ground is (1) “adequate” to support the judgment, and ...
Arch Manning doesn’t feel like he’s done enough as a college quarterback to be one of the most recognizable players in the sport. In an interview with ESPN published Thursday, Manning touched ...