 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
 | William Lawrence Clark - Contracts - 1904 - 748 pages
...consideration for the promise. Consideration, however, need not be the payment of money. It may consist "in some right, interest, profit, or benefit accruing...responsibility given, suffered, or undertaken by the other;"* provided, however, the benefit conferred or detriment suffered is deemed of value in the eye of the... | |
 | Frank Sumner Rice, William Lawrence Clark - Law reports, digests, etc - 1904 - 902 pages
...satisfactory definition of a valuable consideration in the case of Currie v. Misa (LR. 10 Exch. 153) : "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... | |
 | New York (State). Courts, Francis Blaine Delehanty (Reporter), Austin B. Griffin (Reporter), Robert George Scherer (Reporter), Edward Jordan Dimock (Reporter), Joseph Albert Lawson (Reporter), Charles Cook Lester (Reporter), William Van Rensselaer Erving (Reporter), Louis J. Rezzemini (Reporter) - Law reports, digests, etc - 1904 - 778 pages
...consideration to support the contract, and in the course of its discussion the court said at p. 545 : " '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... | |
 | Law reports, digests, etc - 1904 - 1240 pages
...page 545. 124 NY, page 257, 27 NE, 12 L,. RA 463, 21 Am. St. Rep. 693: and 122 New York State Reporter "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... | |
 | Law - 1904 - 1032 pages
...Sterling v. Sinnickson, 5 NJ Law (2 Southard) 756, 760. A "valuable consideration," in a legal sense, may consist either in some right, interest, profit,...benefit accruing to one party, or some forbearance, loss, or responsibility given, suffered, or undertaken by the other. St. Mark's Church v. Teed, 120... | |
 | Albert Sidney Bolles - Law - 1905 - 184 pages
...definition a fuller one may be given. Says Lawson: "A consideration which will support a simple contract is some right, interest, profit, or benefit, accruing...responsibility, given, suffered or undertaken by the other." 3. A consideration need not be adequate. A court will not inquire into the exact proportion between... | |
 | John Davison Lawson - Contracts - 1905 - 726 pages
...negotiable instruments.5 §98. Consideration Defined. Consideration has been frequently defined as "some right, interest, profit, or benefit accruing to one party, or some forbearance, detriment, Joss, or responsibility given, suffered, or undertaken by the other,"1 or more briefly, a benefit to... | |
 | Edgar Benton Kinkead - Jurisprudence - 1905 - 496 pages
...Scott, 238; Holland Jur. 249.) Consideration is of two kinds, good and valuable, the latter consisting in some right, interest, profit, or benefit accruing to one party, or some loss, responsibility given, suffered or undertaken by the other, while good consideration rests upon... | |
 | Law - 1905 - 1080 pages
...companion. Webst. Diet. VALUABLE CONSIDERATION. See, also, "Consideration"; "Valid Consideration"; "Value." A valuable consideration, in the sense of the law, may consist either of some right, interest, profit, or benefit accruing to the one party, or some íorl>earaui:e. detriment.... | |
 | Joshua Williams - Conveyancing - 1906 - 764 pages
...break his word(p). The consideration required to support a promise is a valuable consideration (7). A valuable consideration, in the sense of the law,...or responsibility given, suffered or undertaken by (I) See Pillaw v. Van Mierop, 3 Burr. 1663 (AD 1765); Rann Y. Hughet, 7 TK 350, n. (1778). (m) It WHH... | |
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