 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.  Harvard Law Review - Page 5341914Full view - About this book
 | United States. Supreme Court - Law reports, digests, etc - 1881 - 822 pages
...instrument ; but a valuable consideration in the sense of the law, as the court remarked in that case, may consist either in some right, interest, profit, or benefit accruing to th'' one party, or some extension of time of payment, detriment, loss, or responsibility given, suffered,... | |
 | W. D. Thorburn - Bills of exchange - 1882 - 316 pages
...law of England a bill must be granted for value. The consideration for a simple contract may be any right, interest, profit, or benefit, accruing to one...responsibility given, suffered, or undertaken by the other, Currie v. Misa, LR 10, Ex. 153, 827. vide, p. 162. The consideration must be real, Wade v. Simeon,... | |
 | John Bouvier - Law - 1883 - 870 pages
...Miss. 9 ; 4 111. 33 ; 5 Humphr. 19; 4 Blackf. 388; 3 CB 321 ; 4 East, 55. ' 'A valuable consideration may consist either in some right, interest, profit,...responsibility given, suffered, or undertaken by the other;" LR 10 Ex. 162. See 5 Pick. 380. A valuable consideration Is usually In some way pecuniary, or convertible... | |
 | James Williams - Common law - 1883 - 290 pages
...the Roman view, but really valuable consideration, in the case of consensual contracts. In England, " 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... | |
 | William Colebrooke - Pledges (Law) - 1883 - 734 pages
...Currie T. Misa,' in which the court accepted as correct the following definition of 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... | |
 | Sir John Macdonell - Gt. Brit. Laws, Statutes, etc - 1883 - 792 pages
...judgment of the Court in Currie v. Misa (c), " 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 consideration need not be such as in fairness would be adequate ; that is a matter for the parties... | |
 | Law reports, digests, etc - 1892 - 1156 pages
...agreement, which may or may not have been more burdensome in its requirements upon him than this one. A valuable consideration, In the sense of the law,...responsibility given, suffered, or undertaken by the other. Courts will not inquire into the adequacy of the consideration. It Is enough that there is actually... | |
 | Sir William Reynell Anson - Agency (Law) - 1884 - 456 pages
...of Exchequer Chamber in Currie v. Misa. ' A valuable consideration in the sense LR i°. Exch. 162. of the law may consist either in some right, interest,...responsibility given, suffered, or undertaken by the other.' Such being the definition of consideration, we may proceed to State General rules as to I . That consideration... | |
 | Frederick Scott Wait - Creditors' bills - 1884 - 808 pages
...Consideration has been said to 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."1 The subject cannot here be considered from an elementary point of view in all its ramifications,... | |
 | Law reports, digests, etc - 1884 - 1126 pages
...instrument; but a valuable consideration in the sense of the law, as the court remarked in that case, may consist either in some right, interest, profit or benefit accruing to the one party, or some extension of time of payment, detriment, loss, or responsibility given, suffered... | |
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