Get Bill of Sale for a Golf Cart

Valuable consideration refers to a consideration that is valid under the law. It is a consideration that either confers a pecuniarly measurable benefit on one party or imposes a pecunarily measurable detriment on the other. Something of value is given or promised by one party for the promise of another.

In the context of law 'consideration' means some trade-off, the 'good and valuable' part means that the trade must be for something of worth (valuable) and also something permitted (good).

Consideration in a contract is the exchange of anything of value by each party. Most often, services or goods are exchanged or promised in a contract, though consideration may be whatever the parties agree to. Examples include: Money. Services.

Consideration" is the value being given in exchange for the item being sold or services being provided. The language in your case means that as part of paying the purchase price (the consideration) and buying the property, you as...

What is GOOD CONSIDERATION? A reason for doing something based on natural affection, generosity, love, or moral duty. This reason is insufficient to judge a commercial contract or promise enforceable as it lacks valid, valuable, and legal basis for the reason. Also refer to valuable consideration.

Definition. A benefit conferred or a detriment incurred by a party in exchange for another's promise. Valuable consideration may be non-monetary as long as it is of some value to one or both parties. Also called good and valuable consideration and legal consideration.

Good and valuable consideration. ... In the context of law 'consideration' means some trade-off, the 'good and valuable' part means that the trade must be for something of worth (valuable) and also something permitted (good).

consideration. n. 1) payment or money. 2) a vital element in the law of contracts, consideration is a benefit which must be bargained for between the parties, and is the essential reason for a party entering into a contract.

something that is or is to be kept in mind in making a decision, evaluating facts, etc.: Age was an important consideration in the decision. thoughtful or sympathetic regard or respect; thoughtfulness for others: They showed no consideration for his feelings.

The consideration is the value that the Purchaser transfers to the Seller in exchange for the goods being sold to the Purchaser. In most sales transactions, the consideration takes the form of money. ... The Price is the total monetary value that the parties have agreed the goods being sold are worth.