 | Joseph Story - Bills of exchange - 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 - Law reports, digests, etc - 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 - Law reports, digests, etc - 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 - Checks - 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 - Law reports, digests, etc - 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... | |
 | Sir Mackenzie Dalzell Edwin Stewart Chalmers - Negotiable instruments - 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 - Agency (Law). - 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 - Agency (Law) - 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... | |
 | James Barr Ames - Negotiable instruments - 1881 - 932 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. The holder of a check may either cash it immediately,... | |
 | Sir Mackenzie Dalzell Edwin Stewart Chalmers - Negotiable instruments - 1881 - 418 pages
...approved but affirmed im another ground, 1 App. Cas. 554. defined. defined as "some right, interest, or benefit accruing to the one party, or some forbearance,...responsibility given, suffered, or undertaken by the other."' The Courts do not inquire into the adequacy of a bond fide consideration. 2 This was always the law... | |
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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. 
