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because its done before the contract is made is not consideration. These fact cannot influence forming of a contract if they were in past tense for example: Al gives emergency care to Bob . Bob promises to pay Al for his services but his promise is not binding because there is no bargain for exchange
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∙ 12y ago
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1112 binary to decimal?
Invalid binary!
What is one of the three characteristics of consideration?
charactaristics of consideration
How can you tell if a database object is invalid?
if it doesnt work
When delivering a briefing'volume and rate' are classified under which area of consideration?
verbal consideration
Is a biased sample valid?
No because in statistics a biased collection of data is invalid.
Consideration is totally unnecessary for the formation of contracts?
Consideration is actually absolutely necessary for the formation of contracts. A contract that does not have consideration is basically invalid unless one party can show detrimental reliance.
Termination clauses always make a contract invalid for lack of consideration True or False?
false
What are the advantages and disadvantages of past consideration?
The advantages of consideration in a valid contract
What makes URL invalid?
Considering that the purpose of a URL is to serve as an "address" for a resource, a URL is invalid when it does not identify an existing resource.
5 letter word for makes invalid?
voids, nixes
What is concept of consideration?
It means to think about something. When you take something into consideration, it means you will think about about it, before coming up with an answer. You think about something and then decide what to do in regards to the matter.
What is past consideration with exception?
past consideration is of no effect to consideration at all. It is where the defendant's promise is subsequent to the plaintiff's act and independent of it. for example, where P saves D from drowning; Das an expression pf gratitude, later promises to pay P a sum of money as a reward. Here P cannot sue D on his promise since P's consideration is past in time, D's promise being subsequent abd independent of A's act. The case of Re McArddle illustrates the concept of past consideration
What is the Homo sapiens on a spotted dolphin?
This question makes absolutely no sense, there for is invalid.
Why is past consideration not good consideration?
Past consideration is not good consideration because it is not contingent on the responding consideration. For example, suppose I gave you $20 on Tuesday as a gift. And then on Friday, you offered to enter a contract with me to wash my car. If I offered the $20 as consideration, or payment, that I had already given you, it would not be a contract. You would not be getting any benefit from the bargain, and I would not have any assurance that you would perform, because there is no benefit to you.
Why a past consideration is not a good consideration?
Do you mean consideration for contract formation? To have a bargain, you have to be willing to give something up. For example, if we had a contract for the purchase of your car for $5000, you would give up your car, and I would give up $5000. That's consideration. If the consideration is in the past (e.g. you already gave up your car), that's not going to create a binding contract.
Consideration may be executory or executed but it must not be pastDicuss and illustrate your answer with various case laws?
Executed and executory consideration is enforced by the common law courts but a past consideration is not. This is because a past consideration arises where the work is done before the obligation or offer to pay is made. See the case of EASTWOOD VRS KENYON.
When an insured makes truthful statements on the application for insurance and pays the requires premium it is known as what?
This is known as the principle of utmost good faith, where both the insured and the insurer are expected to act honestly and fairly in their dealings. By providing truthful information and paying the premium, the insured is fulfilling their obligation to disclose all relevant details to the insurer.
