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Consideration may move from the promisee or any other person. Under Indian law, consideration may be from the promisee of any other person i.e., even a stranger. This means that as long as there is consideration for the promisee, it is immaterial who has furnished it. Consideration must be an act, abstinence or forbearance or a returned promise.
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 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.
The leading case is Stilk v Myrick (1809), [3] where a captain promised 8 crew the wages of two deserters provided the remainders completed the voyage. The shipowner refused to honour the agreement; the court deemed the eight crew were unable to enforce the deal as they had an existing obligation to sail the ship and meet "ordinary foreseeable emergencies".
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The act of consideration as in Perspective (cognitive) Topics referred to by the same term This disambiguation page lists articles associated with the title Consider .
According to Robert's Rules of Order Newly Revised (RONR), this motion is not debatable and requires a two-thirds vote against consideration. [2] This objection may be applied only to an original main motion, that is, a motion that brings a new substantive issue before the assembly. [ 2 ]
About Wikipedia; Contact us; Contribute Help; Learn to edit; Community portal; ... Consideration is a concept of English common law. Consideration may also refer to: