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In common law, quid pro quo indicates that an item or a service has been traded in return for something of value, usually when the propriety or equity of the transaction is in question. A contract must involve consideration: that is, the exchange of something of value for something else of value. For example, when buying an item of clothing or ...
Thus, consideration is a promise of something of value given by a promissor in exchange for something of value given by a promisee; and typically the thing of value is goods, money, or an act. Forbearance to act, such as an adult promising to refrain from smoking, is enforceable only if one is thereby surrendering a legal right. [2] [3] [4]
Consideration is an English common law concept within the law of contract, and is a necessity for simple contracts (but not for special contracts by deed).The concept of consideration has been adopted by other common law jurisdictions, including in the United States.
Indian giver" is a pejorative expression used to describe a person who gives a "gift" and later wants it back or who expects something of equivalent worth in return for the item. [1] It is based on cultural misunderstandings that took place between the early European colonists and the Indigenous people with whom they traded. [2]
Furthermore, in verse 312, Valluvar says that it is the determination or code of the spotless (virtuous) not to do evil, even in return, to those who have cherished enmity and done them evil. According to him, the proper punishment to those who have done evil is to put them to shame by showing them kindness, in return and to forget both the ...
The term ″altruism″ was firstly coined by the French philosopher Auguste Comte in the 19th century, which was derived from the French word ″altruisme″. [3] [4] Comte believed that altruism is a moral doctrine, which is the opposite of egoism, emphasizing the noble morality of sacrificing themselves and benefiting others.
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Return on investment (ROI), the financial gain after an expense.; Rate of return, the financial term for the profit or loss derived from an investment; Tax return, a blank document or template supplied by a government for use in the reporting of tax information