Consideration FAQs:


Q: Is consideration the concept of value offered and accepted by people or organisations entering into contracts?

A: Yes.

Q: Is consideration not a valid consideration and has no legal value?

A: Yes.

Q: Is consideration $200?

A: Yes, and B's consideration is the mansion, car, and jet.

Q: Is consideration valueless, because it was paired with something of legal value?

A: Yes, therefore, adherence to the entire, collective agreement is necessary.

Q: Is consideration still the car?

A: Yes, but A is giving no consideration, and so there is no valid contract.

Q: Is consideration a guaranteed recovery?

A: Yes, and A's consideration is that B only has to pay $5,000, instead of $8,000.

Q: Is consideration the $5,000?

A: Yes, and B's consideration is the car.

Q: Is consideration the service of painting B's house, and B's consideration is $500 paid to A?

A: Yes, Further, if A signs a contract with B such that A will not repaint his own house in any other color than white, and B will pay A $500 per year to keep this deal up, there is also consideration.

Q: Is consideration consideration that has already flowed from the promisee to the promisor?

A: Yes.

Q: Is consideration irrelevant in many jurisdictions?

A: Yes, although contemporary commercial litigant relations have held the relationship between a promise and a deed is a reflection of the nature of contractual considerations.

Q: Is consideration a performance for which the parties had previously contracted?

A: Yes.

Q: Is consideration valid consideration?

A: Yes.