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consideration


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An act, forbearance, or promise by one party to a contract that constitutes the price for which he buys the promise of the other. Consideration is essential to the validity of any contract other than one made by deed.

Subjects: Law

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Reference entries
consideration
in A Dictionary of Law Enforcement Length: 40 words
consideration
in A Dictionary of Law (7) Length: 493 words
consideration
in A Dictionary of Accounting (4) Length: 139 words
consideration
in Australian Law Dictionary Length: 534 words

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