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(New page: {{stub}} '''Consideration''' is a benefit or right conferred by one party to a contract on the other party or parties. Consideration may be a promise to perform a certain act or to r...)
 
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'''Consideration''' is a benefit or right conferred by one party to a [[contract]] on the other party or parties. Consideration may be a promise to perform a certain act or to refrain from performing a certain act. Consideration must be something of value to the people who are making the contract.
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'''Consideration''' is a benefit or right conferred by one party to a [[contract]] on the other party or parties. Consideration may be a promise to perform a certain act or to refrain from performing a certain act. Consideration must be something of value to the people who are making the contract.
 
 
 
[[Category:Contract]]
 
[[Category:Contract]]
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[[Category:Financial]]

Revision as of 18:30, 9 March 2010

Consideration is a benefit or right conferred by one party to a contract on the other party or parties. Consideration may be a promise to perform a certain act or to refrain from performing a certain act. Consideration must be something of value to the people who are making the contract.