What is the actual meaning of consideration?

What is the actual meaning of consideration?

1 : careful thought : deliberation Give my idea some serious consideration. 2 : thoughtfulness for other people. 3 : something that needs to be thought over carefully before deciding or acting. 4 : a payment made in return for something.

What is a simple definition of consideration?

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.

What is a good synonym for consideration?

synonyms for consideration

• application.
• attention.
• debate.
• deliberation.
• discussion.
• examination.
• review.
• scrutiny.

What is consideration example?

The definition of consideration is careful thought or attention or compassionate regard for someone or something. An example of consideration is someone deciding between two options for dinner. An example of consideration is someone bringing a friend dinner who just had a baby.

What are the 4 types of consideration?

The various types of consideration are (1) a promise, (2) an act other than a promise, (3) forbearance, (4) a change in a legal relation of the parties, (5) money, or (6) other property.

What are the two types of consideration?

Consideration is classified as one of two types:

• executed: when the promise has been performed within the meaning of the contract, or.
• executory: when the promise has not been performed.

Which of the following is an example of consideration?

Opening a door for someone who is carrying things is an example of consideration.

How do you use consideration in a sentence?

They are the important considerations of comity and convenience. This indeterminate sentence requires considerations of rehabilitation. The two events of selection and difference of race ought to be distinguished in broad considerations, while the frequency of their concurrence is borne in mind.

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.

What are the 6 types of consideration?

The various types of consideration are (1) a promise, (2) an act other than a promise, (3) forbearance, (4) a change in a legal relation of the parties, (5) money, or (6) other property.

What does the name consideration mean?

• 1. the act of considering; careful thought or attention; deliberation. 2. something kept in mind in making a decision or evaluating facts. 3. thoughtful or sympathetic regard or respect.

What does consider mean?

• 1. to think carefully about, esp. in order to make a decision; contemplate; ponder. 2. to regard as or deem to be: I consider the matter settled. 3. to think, believe, or suppose.

What does considered mean?

• Consider (verb) to look at attentively; to observe; to examine. Consider (verb) to have regard to; to take into view or account; to pay due attention to; to respect. Consider (verb) to estimate; to think; to regard; to view. Consider (verb) to think seriously; to make examination; to reflect; to deliberate.

What are four types of consideration?

• Consideration. Something bargained for and received by a promisor from a promisee. Common types of consideration include real or personal property, a return promise, some act, or a forbearance. Consideration or a valid substitute is required to have a contract.