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LEGAL WORD

Consideration

Legal term · Contract law

Consideration

  • Type: Legal term
  • Area of law: Contract law

1 What it means

Something of value given in exchange for a promise. Without consideration, an agreement is generally void, under the Indian Contract Act, 1872.

2 Use it in a sentence

An agreement in writing and registered, made out of natural love and affection between near relatives, is valid even without consideration.

3 Make it stick

Write your own sentence using Consideration about a case or topic you are studying this week, then check it against the meaning above.

Learn more: Legal Drafting Guidebook

4 Related words

BailmentCaveat emptorConsensus ad idemContra proferentemEx turpi causa non oritur actioForce majeureFree consentFrustration

Legal dictionary: all 366 words · Today's Word of the Day · Weekly quiz

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Educational content only, not legal advice.

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