under consideration definition
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consideration 1 the act or an instance of considering; deliberation; contemplation. 2 ♦ take into consideration to bear in mind; consider. 3 ♦ under consideration being currently discussed or deliberated. 4 a fact or circumstance to be taken into account when making a judgment or decision. 5 ♦ on no consideration for no reason whatsoever; never. 6 thoughtfulness for other people; kindness. 7 payment for a service; recompense; fee.
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Consideration Consideration - Pre-existing legal duties. 1  A party that already has a legal duty to provide money, an object, a service, or a forbearance, does not provide consideration when promising merely to uphold that duty. [7] [8] That legal duty can arise from law, or obligation under a previous contract.
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consideration Consideration. Something of value given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances. Consideration is an essential element for the formation of a contract.onsideration must be of value (at least to the parties), and is exchanged for the performance or promise of performance by the other party (such performance itself is consideration). In a contract, one consideration (thing given) is exchanged for another consideration.
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Contract Consideration 1 In addition to monetary sums, consideration can also involve a promise to do something, or a promise not to do something. For example, a promise to quit drinking alcohol may be considered adequate consideration.  Past consideration is never adequate.
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- Application Process: If you notice your status says no longer under consideration, there may be other applied for, nor does it mean that you should not apply for jobs on your own.nder Consideration on Boeings Website: Does any one know what under consideration means? . The two jobs I’m no longer under consideration for changed within days of my applying.
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Contracts and the Law Consideration is a legal term given to the bargained-for exchange between the parties to the contract -- something of some value passing from one party to the other. Each party to the contract will gain some benefit from the agreement, and will incur some obligation in exchange for that benefit. Types of Contracts
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- It is not decison or even descision for that matter! 1  n. 2  tr.v. 3  decisional deÂ·deâ'sionÂ·siona sionâ. 4  Al adj the passing of judgment on an issue. 5  Under consideration the act of reaching a conclusion or making'up one. 6  S mind a conclusion or judgment reached; or pronounced. 7  A verdict firmness of character; or. 8  Action. 9  Determination.  sports baseball
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acceptance Agreements: Granting of an unqualified consent (whether express or implied) to the terms of a contract by the involved parties. When an offer is received, it is either accepted or countered (with a counter offer). A counter offer obligates the other party to accept it or respond with its own counter offer. Accepting an offer (or a counter offer) creates a binding contract.
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Consideration 1) Buyer buys newspaper - the consideration he pays is the price - 80p (detriment) - but he receives newspaper (benefit) 2) Seller sells the newspaper - he receives 80p (benefit) but hands over the newspaper in exchange (detriment) Consideration is the exchange of benefit and detriment (which passes both ways)
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Consideration in English law Consideration for a promise can be the performance of a contractual duty owed to someone other than the promisor. In Shadwell v Shadwell, Cayley Shadwell was under a contractual duty with a third party to marry.
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Consideration Consideration may be a promise to perform a certain act -- for example, a promise to fix a leaky roof in return for a payment of $1,000 -- or a promise not to do something, such as build a second story on a house that will block the neighbor's view (in return for money or something else).
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"What does UNDER CONTRACT""! mean in real estate?" generally speaking, under contract means that the buyer and seller have agreed to the terms of a real estate purchase agreement.
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What is CONSIDERATION? Any benefit conferred , or agreed to be conferred , upon the promisor , by any other person , to which the promisor Is not lawfully entitled , or any prejudice suffered , or agreed to be suffered , by such person , other than such as he is at the time of consent lawfully bound to suffer , as an inducement to the promisor , Is a good consideration ...
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Consideration Consideration is the concept of legal value in connection with contracts. It is anything of value promised to another when making a contract. In common law it is a prerequisite that both parties offer consideration before a contract can be thought of as binding.
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Consideration: Every Contract Needs It In order for consideration to provide a valid basis for a contract -- and remember that every valid contract must have consideration -- each party must make a change in their position.. Consideration is usually either the result of: a promise to do something you're not legally obligated to do, or.
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Consideration: Every Contract Needs It In order for consideration to provide a valid basis for a contract -- and remember that every valid contract must have consideration -- each party must make a change in their position.. Consideration is usually either the result of:1  a promise to do something you're not legally obligated to do, or.n order for consideration to provide a valid basis for a contract -- and remember that every valid contract must have consideration -- each party must make a change in their position.. Consideration is usually either the result of:
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Introduction to Consideration Section 25 of the Indian Contract Act, 1872, generally declares that an agreement without consideration is void. The Section, however, provides exceptions to the rule stated as under: “25. An agreement made without consideration is void unless – 1.he words “has done and abstained from doing”, in Section 2(d) of the Indian Contract Act, 1872, according to Pollock and Mulla25 “declare the law to be that an act done by A at B’s request, without any contemporaneous promise from B, may be consideration for a subsequent promise from B to A.”. 22 23. Mst.
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- Consideration. Consideration is a central concept in the common law of contracts. Under classical contract theory, consideration is required for a contract to be enforceable. (Modern contract theory has also permitted remedies on alternate theories such as promissory estoppel). There are two common theories for consideration.
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Consideration in English law Mutual promises constitute consideration for each other. (I promise you to do X, in consideration for which you promise me to do Y). In Australia, the bargain theory of consideration prevails, where the act or forbearance of one party or promise thereof is the price for which a promise is bought.
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Consideration For a contract to be binding each party to the contract must give what is known as consideration or the exchange of values on which a contract is based.
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What Is Consideration in Business Law? The exchange of money and the receipt of the item is mutual consideration for the transaction. In every single agreement, there must be consideration in order for the agreement to be legally binding; it is a critical part of contract formation. Consideration constitutes the benefit that you receive from making the contract. In other words, each person in a contract must promise to do something.
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offer (Consideration is the act of doing something or promising to do something that a person is not legally required to do, or the forbearance or the promise to forbear from doing something that he or she has the legal right to do.). An offer is a communication that gives the listener the power to conclude a contract.Consideration is the act of doing something or promising to do something that a person is not legally required to do, or the forbearance or the promise to forbear from doing something that he or she has the legal right to do.). An offer is a communication that gives the listener the power to conclude a contract.
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preliminary Preliminary, introductory both refer to that which comes before the principal subject of consideration. That which is preliminary is in the nature of preparation or of clearing away details which would encumber the main subject or problem;
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Consideration: Every Contract Needs It Consideration is the benefit that each party gets or expects to get from the contractual deal -- for example, Victoria's Secret gets your money; you get the cashmere robe. In order for consideration to provide a valid basis for a contract -- and remember that every valid contract must have consideration -- each party must make a change in their position. Consideration is usually either the result of: a promise to do something you're not legally obligated to do, or
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- Consideration for claim = what you got in exchange for the money loaned. For credit cards, usually misc. purchases is sufficient. Gas and other automotive products for a gas card. Car loans: what you bought as a car.
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Consideration Past consideration. Generally, past consideration is not a valid consideration and has no legal value. Past consideration is consideration that has already flowed from the promisee to the promisor. That is, the promisee's act or forbearance predates the promisor's promise.