\vˈaljuːəbə͡l kənsˌɪdəɹˈe͡ɪʃən], \vˈaljuːəbəl kənsˌɪdəɹˈeɪʃən], \v_ˈa_l_j_uː_ə_b_əl k_ə_n_s_ˌɪ_d_ə_ɹ_ˈeɪ_ʃ_ə_n]\
Definitions of VALUABLE CONSIDERATION
Sort: Oldest first
The distinction between a good and a valuable consideration is that the former consists of blood, or of natural love and affection; as when a man grants an estate to a near rela- tion from motives of generosity, prudence, and natural duty; and the latter consists of such a consideration as money, marriage which is to follow, or the like, which the law esteems an equivalent given for the grant 2 Bl. Comm. 297. A valuable consideration is a thing of value parted with, or a new obligation assumed, at the time of obtaining a thing, which is a substantial compensation for that which is obtained thereby. It is also called simply "value." Civ. Code Dak.
By Henry Campbell Black
Word of the day
- Complication diabetes from severe insulin deficiency coupled with an absolute or relative increase in concentration. metabolic acidosis is caused by breakdown of adipose stores and resulting increased levels free fatty acids. Glucagon accelerates the oxidation acids producing excess ketone bodies (ketosis).