(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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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.