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CONSIDERATION (from Lat. considerare,...

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Originally appearing in Volume V06, Page 978 of the 1911 Encyclopedia Britannica.
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CONSIDERATION (from See also:Lat. considerare, to look at closely, examine, generally taken to be from See also:con-, and the See also:base seen in sidus, sideris, a See also:star, the word being supposed to be originally an astrological or astronomical See also:term)  , observation, See also:attention, regard or taking into See also:account, hence the fact taken into account, and especially something given as an See also:equivalent or See also:reward or in See also:payment; in the See also:law of See also:contract, an See also:act or forbearance, or the promise thereof, offered by one party to an agreement, and accepted by the other as an inducement to that other's act or promise (See also:Pollock on Contract) . See also:Consideration in the legal sense is essential to the validity of every contract unless it is made in See also:writing under See also:seal . The meaning of the word is quite accurately expressed by a phrase used in one of the earliest cases on the subject—it is strictly a quid See also:pro quo . Something, whether it be in the nature of an act or a forbearance, must move from one of the parties in See also:order to support a promise made by the other . A See also:mere promise by A to give something to B cannot be enforced unless there is some consideration " moving from B." While every contract requires a consideration, it is held that the See also:court will not inquire into the adequacy thereof, but it must be of some value in the See also:eye of the law . It must also be legal, and it must be either See also:present or future, not past . See further CONTRACT .

End of Article: CONSIDERATION (from Lat. considerare, to look at closely, examine, generally taken to be from con-, and the base seen in sidus, sideris, a star, the word being supposed to be originally an astrological or astronomical term)
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