Can Consideration Be A Detriment?

Can Consideration Be A Detriment? Consideration is the bargained-for exchange of a “legal detriment” between the contracting parties. Agreeing to a “legal detriment” means agreeing to do something that one is not obligated to do or to agree to refrain from doing something that one has the legal right to do. Can consideration be in

Why Has Latin Come To Be Used In Legal Languages Throughout The World?

Why Has Latin Come To Be Used In Legal Languages Throughout The World? One of the reasons lawyers continue to use this secret language is one part pretentiousness, one part history, and one part efficiency. As for efficiency, Law Latin can explain concepts in a concise way. For example, quid pro quo—meaning ‘something for something’—particularly

When Rights Are Transferred Who Is The Assignor Who Is The Assignee?

When Rights Are Transferred Who Is The Assignor Who Is The Assignee? An assignor and an assignee are two parties who engage in an assignment to transfer rights from one entity to another. The assignor is the person who gives the rights away, while the assignee is the person who receives those rights. Who is

What Are Examples Of Consideration?

What Are Examples Of Consideration? Anything of value promised by one party to the other when making a contract can be treated as “consideration”: for example, if A signs a contract to buy a car from B for $5,000, A’s consideration is the $5,000, and B’s consideration is the car. What is consideration in law