 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 Southeastern Reporter - Page 531903Full view - About this book
 | Joseph Story - 1847 - 704 pages
...What, then, is a valuable consideration in the sense of the law ? It may, in general terms, be said to consist either in some right, interest, profit, or benefit, accruing to the party, who makes the contract, or some forbearance, detriment, loss, responsibility, or act, or labor,... | |
 | Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1916 - 802 pages
...they broke ground for that mill in September, 1912." "A 'valuable consideration,' in a legal sense, may consist either in some right, interest, profit, or benefit accruing to one party, or some forbearance, loss, or responsibility given, suffered, or undertaken by the other."... | |
 | Robert D. Handy, John H. Handy - 1855 - 638 pages
...would authorize the transfer of a note or bill, and protect the indorsee, and such consideration might consist, " either in some right, interest, profit, or benefit accruing to the party who made the contract, or some forbearance, detriment, loss, responsibility, or act, or labor,... | |
 | Joseph Story - 1856 - 758 pages
...What, then, is a valuable consideration in the sense of the law? It may, in general terms, be said to consist either in some right, interest, profit, or benefit, accruing to the party who makes the contract, or some forbearance, detriment, loss, responsibility, or act, or labor,... | |
 | Great Britain. Court of Exchequer - 1875 - 410 pages
...payable immediately. The giving time is only one of many kinds of what the law calls consideration. A valuable consideration, in the sense of the law,...responsibility, given, suffered, or undertaken by the other: Com. Dig. Action on the Case, Assumpsit, B* 1-15. repudiate, and claim back the proceeds any more than... | |
 | Frederick Pollock - 1876 - 692 pages
...made has any labour or detriment " (a). A fuller one has lately been given in the Exchequer Chamber : "A valuable consideration, in the sense of the law,...responsibility, given, suffered, or undertaken by the other" (I). The difference is (a) Cp. the remarks of the Court in ch. 1. in Ed/jwart Iliy/iimy Bd. v. //arrow... | |
 | Frederick Pollock - 1876 - 694 pages
...' A fuller one has lately been given in the Exchequer ( 'hamher : "A valuable consideration, in tho sense of the law, may consist / either in some right,...responsibility, given, suffered, or undertaken by the other" (b). Tho difference is (n) Cp. the ranarkn of the Court in ch. 1. in Eilyvnre Itiijkimty Hd. \. Harrow... | |
 | Sir Mackenzie Dalzell Edwin Stewart Chalmers - 1878 - 366 pages
...consideration has been defined. defined as " some right, interest, or benefit accruing to the one l>nrty, or some forbearance, detriment, loss, or responsibility given, suffered, or undertaken by the other."1 The Courts do not inquire into the adequacy of a lona fide consideration.1 This was always... | |
 | Sir William Reynell Anson - 1879 - 486 pages
...sense LR ioExch. iif the law may consist either in some right, interest, profit, nr benefit accruing to one party, or some forbearance, detriment, loss, or...responsibility given, suffered, or undertaken by the other-.' Such being the definition of consideration, we may proceed to state — 1. That consideration ia necessary... | |
 | Sir William Reynell Anson - 1880 - 494 pages
...law may [Train v consist either in some right, interest, profit or benefit Qold,5Pick. accruing to one party, or some forbearance, detriment, loss, or...responsibility given, suffered, or undertaken by the other." Such being the definition of consideration, we may proceed to state: General 1. That consideration... | |
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