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.
4 Related words
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