consideration of contract
101Canadian contract law — has its foundation in the English legal tradition of the 19th and early 20th century. It remains largely rooted in the old English common law and equity. Individual provinces have codified many of the principles in a Sale of Goods Act, which was… …
102gratuitous contract — see contract Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. gratuitous contract …
103bilateral contract — /baylaetaral kontraekt/ A term, used originally in the civil law, but now generally adopted, denoting a contract in which both the contracting parties are bound to fulfill obligations reciprocally towards each other; as a contract of sale, where… …
104bilateral contract — /baylaetaral kontraekt/ A term, used originally in the civil law, but now generally adopted, denoting a contract in which both the contracting parties are bound to fulfill obligations reciprocally towards each other; as a contract of sale, where… …
105deferred consideration — Not a term of art, instead a somewhat vague term which practitioners use to refer to consideration that will or may be payable sometime in the future rather than at completion. It is usually encountered in connection with asset and share sales.… …
106failure of consideration — As applied to notes, contracts, conveyances, etc., this term does not necessarily mean a want of consideration, but implies that a consideration, originally existing and good, has since become worthless or has ceased to exist or been extinguished …
107failure of consideration — As applied to notes, contracts, conveyances, etc., this term does not necessarily mean a want of consideration, but implies that a consideration, originally existing and good, has since become worthless or has ceased to exist or been extinguished …
108want of consideration — In the general law of contracts, this term means a total lack of any valid consideration for a contract, while failure of consideration is the neglect, refusal or failure of one of the parties to perform or furnish the consideration agreed on.… …
109instalment contract — A contract the consideration in which is expressed in separate and distinct items. A contract calling for payment or performance in instalments; not necessarily a divisible contract. 17 Am J2d Contr § 328. A contract for the purchase of real… …
110third party beneficiary contract — in US law a contract that allows a party to whom the parties in a main contract intend to receive a benefit to enforce a duty created by the main contract, irrespective of an issue of consideration: Lawrence v . Fox 20 NY 268 (1859). English law… …
