 A valuable consideration, in the sense of the law, may consist either in some right, interest, profit, or benefit accruing to the one party, or some forbearance, detriment, loss or responsibility given, suffered, or undertaken by the other.  The Pacific Reporter - Page 861892Full view - About this book
 | John Butler Johnson - Engineering - 1901 - 480 pages
...necessary to go into that subject here very fully. A "valuable consideration" in the eyes of the law is "some right, interest, profit, or benefit, accruing...responsibility given, suffered, or undertaken by the other." Such a consideration is necessary to enforce a written agreement the same as would be necessary with... | |
 | Canadian Bankers' Association - Banks and banking - 1901 - 508 pages
...meaning of consideration. Mr. Justice Lush in giving the judgment of the Exchequer Chamber, said : — " A valuable consideration in the sense of the law may...some right, interest, profit or benefit accruing to the one party, or some forbearance, detriment, loss or responsibility given, suffered or undertaken... | |
 | Law reports, digests, etc - 1910 - 812 pages
...191, 199. This giving of time in respect of an existing debt constituted a valuable consideration. "A valuable consideration, in the sense of the law,...some right, interest, profit, or benefit accruing to the one party, or some forbearance, detriment, loss, or responsibility given, suffered, or undertaken... | |
 | International Correspondence Schools - Contracts - 1903 - 636 pages
...extend to collateral relationship," or mere affinity by marriage." VALUABLE CONS1DERAT1ON 11. Value.— A valuable consideration, in the sense of the law,...some right, interest, profit, or benefit accruing to the one party, or some forbearance, detriment, loss or responsibility given, suffered, or undertaken... | |
 | 1902 - 394 pages
...generally look upon as being valuable. "valuable?" What then is " valuable consideration" in Law? It may consist either in some right, interest, profit, or benefit accruing to the one party ; or some forbearance, detriment, loss or responsibility given, suffered, or undertaken... | |
 | Richard Edgar Kemp - Real property - 1903 - 650 pages
...and bond fide, to any person not having at the time of the conveyance any notice of such fraud (*). A valuable consideration in the sense of the law may...responsibility given, suffered, or undertaken by the other (t). A conveyance in which the consideration is not valuable, but is " natural love and affection,"... | |
 | Law reports, digests, etc - 1903 - 1040 pages
...make effectual that which .before was a void or imperfect contract. Webster v. Zielly, 52 Barb. 483. A valuable consideration in the sense of the law may...some right, interest, profit, or benefit accruing to the one party, or some forbearance, detriment, The statute once waived cannot be subsequently invoked.... | |
 | Friedrich Karl Neubecker - 1903 - 76 pages
...ift nun consideration ¿u befinieren? S)te Exchequer Chamber gab im Sabre 1876 fotgenbe description: „A valuable consideration, in the sense of the law,...some right, interest, profit, or benefit accruing to the one party, or some forbearance, detriment, loss or responsibility, given, suffered or undertaken... | |
 | Samuel Williston - Contracts - 1903 - 752 pages
...is without foundation in the law. The Exchequer Chamber, in 1875, defined consideration as follows: "A valuable consideration in the sense of the law...some right, interest, profit, or benefit accruing to the one party, or some forbearance, detriment, loss, or responsibility given, suffered, or undertaken... | |
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