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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. "
Principles of the English Law of Contract and of Agency in Its Relation to ... - Page 67
by Sir William Reynell Anson - 1884 - 372 pages
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Lewis' Dictionary of Occupational and Environmental Safety and Health

Jeffrey Wayne Vincoli - Science - 2019 - 1104 pages
...which induces a contracting party to enter into a contract. The reason or material cause of a contract. Some right, interest, profit or benefit accruing to...responsibility, given, suffered, or undertaken by another. It is a basic, necessary element for the existence of a valid contract that is legally binding...
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Festschrift für Bernhard Grossfeld zum 65. Geburtstag

Ulrich Hübner - Business enterprises - 1999 - 1423 pages
...consideration is that of Lush J in Currie v. Misa2, where he stated, "A valuable consideration, in the eyes 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...
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Erfüllungszwang im englischen Vertragsrecht

Susanne Nachtigäller - 2000 - 165 pages
...Rheinstein, S. 79 ff. 269 Currie v Misa (1875) LR 10 Ex. 153 (162): "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...
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Settlement Agreements in Commercial Disputes: Negotiating, Drafting ..., Issue 1

Richard A. Rosen - Law - 2000 - 2016 pages
...past will not support a new legal obligation under a release.8 Consideration may be based on either "some right, interest, profit or benefit accruing to one party, or some forbearance, detriment, loss of responsibility given, suffered or undertaken by the other."9 Surrendering a legal right constitutes...
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Law for Non-Law Students

Owens - Business & Economics - 2001 - 780 pages
...CONSIDERATION The two most commonly quoted definitions of consideration are: (a) a valuable consideration... may consist either in some right, interest, profit...responsibility given, suffered or undertaken by the other; CurrievMisa (1875) The main criticism of this definition is that it fails to make it clear that the...
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South Pacific Contract Law

Jennifer Corrin-Care - Law - 2001 - 382 pages
...more detailed definition: A valuable consideration, in the sense of the law, may consist of either some right, interest, profit or benefit accruing to...responsibility given, suffered or undertaken by the other. This definition emphasises benefit and/or detriment. However, it does not explain that: • the detriment...
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Collaborative Business Ecosystems and Virtual Enterprises: IFIP TC5 / WG5.5 ...

Luis M. Camarinha-Matos - Computers - 2002 - 632 pages
...was defined by an 1875 English decision as "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". In most of the law systems to create a contract it is required at least two sequential statements:...
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The Making of European Private Law: Toward a Ius Commune Europaeum as a ...

J. M. Smits - Law - 2002 - 306 pages
...promisor. The classical formulation can be found in Curie v. Misa: '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...
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Management of Procurement

Denise Bower - Business & Economics - 2003 - 260 pages
...C.urrie v. Misa (1875) defines consideration as: 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. Past consideration is not like executory consideration where the exchange of promises takes place in...
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A2 Law for AQA

Jimmy O'Riordan - A-level examinations - 2003 - 344 pages
...following case. Consideration existed when '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'. In simple terms, it is what is given by each side to enter a contract. Consideration involves the following...
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