WITHOUT CONSIDERATION Meaning and
Definition
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"Without consideration" refers to a legal term that denotes the absence of any benefit, compensation, or advantage given in exchange for a promise or agreement. It often pertains to situations where a contract or agreement lacks the presence of valuable consideration that is typically required for a contract to be binding and enforceable.
Consideration in a contract refers to something of value that is offered by one party in exchange for the promise or action of the other party. This can include money, property, services, or even a promise to perform or refrain from certain actions. However, if a promise or agreement is made without any consideration - meaning there is no benefit bestowed upon one party - it is often deemed "without consideration."
In legal terms, contracts without consideration are generally considered to be unenforceable and lack the necessary element of a mutual exchange of benefits. The absence of consideration often indicates that one party made a promise or agreement without receiving anything in return, making the contract inequitable or one-sided.
It is important to note that there are exceptions to the requirement of consideration, such as contracts made under seal or agreements that fulfill specific statutory requirements. However, in general, for a contract to be valid and legally binding, it must involve a reciprocal exchange of value and cannot be made "without consideration."
Common Misspellings for WITHOUT CONSIDERATION
- qithout consideration
- aithout consideration
- sithout consideration
- eithout consideration
- 3ithout consideration
- 2ithout consideration
- wuthout consideration
- wjthout consideration
- wkthout consideration
- wothout consideration
- w9thout consideration
- w8thout consideration
- wirhout consideration
- wifhout consideration
- wighout consideration
- wiyhout consideration
- wi6hout consideration
- wi5hout consideration
- witgout consideration
Etymology of WITHOUT CONSIDERATION
The word "without" originated from the Old English word "wiðūtan", which is a combination of "wið" meaning "against" or "opposite" and "ūtan" meaning "outside".
The word "consideration" comes from the Latin word "consideratio", which means "examination", "reflection", or "careful thought".
When combined, the phrase "without consideration" suggests the absence of careful thought, examination, or reflection on a particular matter.
Similar spelling word for WITHOUT CONSIDERATION
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