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Consideration may move from the promisee or any other person. Under Indian law, consideration may be from the promisee of any other person i.e., even a stranger. This means that as long as there is consideration for the promisee, it is immaterial who has furnished it. Consideration must be an act, abstinence or forbearance or a returned promise.
The only consideration which MWB can be said to have been given for accepting a less advantageous schedule of payments was (i) the prospect that the payments were more likely to be made if they were loaded onto the back end of the contract term, and (ii) the fact that MWB would be less likely to have the premises left vacant on its hands while ...
Thus whether $1.00 is consideration does not depend on the benefit received but whether the $1.00 had actually been bargained for. In some [clarification needed] jurisdictions, contracts calling for such nominal or "peppercorn" consideration will be upheld unless a particular contract is deemed unconscionable.
14 Mar 2019: The House of Commons rejects an amendment which called for a referendum on the withdrawal agreement. 12 Mar 2019: The House of Commons votes to reject the Government's proposed withdrawal agreement for the second time. 4–5 Mar 2019 44% 56% — 11% 2,042 ComRes: Online No "Neither" option. Unusual wording. [note 1] 21–23 Feb ...
Also, upon making an offer, an offeror may include the period in which the offer will be available. If the offeree fails to accept the offer within this specific period, then the offer will be deemed as terminated. An offer may also be revoked by operation of law, if an unreasonable amount of time has passed between offer and acceptance. [46]
[2] [3] [4] "Past consideration is no consideration": consideration must be "executory" or "executed", but not "past"; that is, consideration must be supplied in the present or in the future, but things done beforehand cannot be good consideration. [5] ex nudo pacto actio non oritur; Dyer's case (1414) 2 Hen. 5, 5 Pl. 26
Many U.S. states impose versions of those cooling-off period laws, and offer similar laws for an additional range of transactions, such as time share purchases and health club contracts. For example, California provides cooling-off periods for many consumer transactions, including insurance purchases, car warranties, dental services, and weight ...
The Volstead Act implemented the 18th Amendment (Prohibition). The act defined "intoxicating beverage" as one with 0.5 percent alcohol by weight. Numerous problems with enforcement [1] and a desire to create jobs and raise tax revenue by legalizing beer, wine, and liquor [2] led a majority of voters and members of Congress to turn against Prohibition by late 1932.