| definition of consideration in business law: Business Law I Essentials MIRANDE. DE ASSIS VALBRUNE (RENEE. CARDELL, SUZANNE.), Renee de Assis, Suzanne Cardell, 2019-09-27 A less-expensive grayscale paperback version is available. Search for ISBN 9781680923018. Business Law I Essentials is a brief introductory textbook designed to meet the scope and sequence requirements of courses on Business Law or the Legal Environment of Business. The concepts are presented in a streamlined manner, and cover the key concepts necessary to establish a strong foundation in the subject. The textbook follows a traditional approach to the study of business law. Each chapter contains learning objectives, explanatory narrative and concepts, references for further reading, and end-of-chapter questions. Business Law I Essentials may need to be supplemented with additional content, cases, or related materials, and is offered as a foundational resource that focuses on the baseline concepts, issues, and approaches. |
| definition of consideration in business law: Contracts Richard Stim, 2021-09-01 Life has become an endless series of contracts—this is the manual. There’s no reason to risk your hard-earned money signing a contract you don’t understand. With Contracts: The Essential Business Desk Reference, you get easy-to-understand explanations for every common contract term. In no time, you’ll grasp mysterious concepts like “force majeur,” “indemnity,” and “time is of the essence. Contracts: The Essential Business Desk Reference is more than just an A–Z explanation of over 300 terms. It also includes: common negotiating strategies examples of contract provisions sample contract clauses and entire contracts examples of illegal and dangerous contract clauses what to expect if you or the other side breaks a contract up-to-date explanations of electronic contracts, and tips on amending and modifying agreements. Whether you’re starting a business, signing a lease, hiring a new employee or independent contractor, licensing a concept, selling a boat, or contracting for a new fireplace, Contracts: The Essential Business Desk Reference can help. A must-have for small business owners, entrepreneurs, lawyers, and law students—and anyone else whose success is built around understanding and negotiating agreements. |
| definition of consideration in business law: A Manual of Style for Contract Drafting Kenneth A. Adams, 2004 The focus of this manual is not what provisions to include in a given contract, but instead how to express those provisions in prose that is free ofthe problems that often afflict contracts. |
| definition of consideration in business law: Model Rules of Professional Conduct American Bar Association. House of Delegates, Center for Professional Responsibility (American Bar Association), 2007 The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts. |
| definition of consideration in business law: Anson's Law of Contract Sir William Reynell Anson, J. Beatson, Andrew S. Burrows, John Cartwright, 2010-08-19 This edition provides an authoritative and detailed account of contract law. It is essential reading for any student of contract law, and a valuable source of reference for practitioners and academics. |
| definition of consideration in business law: Corbin on Contracts Arthur Linton Corbin, 1993 |
| definition of consideration in business law: Contract Law and Contract Practice Catherine E Mitchell, 2014-07-18 An oft-repeated assertion within contract law scholarship and cases is that a good contract law (or a good commercial contract law) will meet the needs and expectations of commercial contractors. Despite the prevalence of this statement, relatively little attention has been paid to why this should be the aim of contract law, how these 'commercial expectations' are identified and given substance, and what precise legal techniques might be adopted by courts to support the practices and expectations of business people. This book explores these neglected issues within contract law. It examines the idea of commercial expectation, identifying what expectations commercial contractors may have about the law and their business relationships (using empirical studies of contracting behaviour), and assesses the extent to which current contract law reflects these expectations. It considers whether supporting commercial expectations is a justifiable aim of the law according to three well-established theoretical approaches to contractual obligations: rights-based explanations, efficiency-based (or economic) explanations and the relational contract critique of the classical law. It explores the specific challenges presented to contract law by modern commercial relationships and the ways in which the general rules of contract law could be designed and applied in order to meet these challenges. Ultimately the book seeks to move contract law beyond a simple dichotomy between contextualist and formalist legal reasoning, to a more nuanced and responsive legal approach to the regulation of commercial agreements. |
| definition of consideration in business law: Contract Law For Dummies Scott J. Burnham, 2011-12-06 Take the mumbo jumbo out of contract law and ace your contracts course Contract law deals with the promises and agreements that law will enforce. Understanding contract law is vital for all aspiring lawyers and paralegals, and contracts courses are foundational courses within all law schools. Contract Law For Dummies tracks to a typical contracts course and assists you in understanding the foundational legal rules controlling voluntary agreements people enter into while conducting their personal and business affairs. Suitable as a supplement to introductory and advanced courses in contract law, Contract Law For Dummies gives you plain-English explanations of confusing terminology and aids in the reading and analysis of cases and statutes. Contract Law For Dummies gives you coverage of everything you need to know to score your highest in a typical contracts course. You'll get coverage of contract formation; contract defenses; contract theory and legality; agreement, consideration, restitution, and promissory estoppel; fraud and remedies; performance and breach; electronic contracts and signatures; and much more. Tracks to a typical contracts course Plain-English explanations demystify intimidating information Clear, practical information helps you interpret and understand cases and statutes If you're enrolled in a contracts course or work in a profession that requires you to be up-to-speed on the subject, Contract Law For Dummies has you covered. |
| definition of consideration in business law: Business Regulatory Framework: For Universities and Autonomous Colleges of Odisha , |
| definition of consideration in business law: Philosophical Foundations of Contract Law Gregory Klass, George Letsas, Prince Saprai, 2014-12-18 In recent years there has been a revival of interest in the philosophical study of contract law. In 1981 Charles Fried claimed that contract law is based on the philosophy of promise and this has generated what is today known as 'the contract and promise debate'. Cutting to the heart of contemporary discussions, this volume brings together leading philosophers, legal theorists, and contract lawyers to debate the philosophical foundations of this area of law. Divided into two parts, the first explores general themes in the contract theory literature, including the philosophy of promising, the nature of contractual obligation, economic accounts of contract law, and the relationship between contract law and moral values such as personal autonomy and distributive justice. The second part uses these philosophical ideas to make progress in doctrinal debates, relating for example to contract interpretation, unfair terms, good faith, vitiating factors, and remedies. Together, the essays provide a picture of the current state of research in this revitalized area of law, and pave the way for future study and debate. |
| definition of consideration in business law: The Theory of Contract Law Peter Benson, 2001-02-05 Essays addressing a variety of issues in the theory and practice of contract law. |
| definition of consideration in business law: A History of the Common Law of Contract A. W. B. Simpson, 1987 The common law is one of two major and successful systems of law developed in Western Europe, and in one form or another is now in force not only in the country of its origin but also in the United States and large parts of the British Commonwealth and former parts of the Empire. |
| definition of consideration in business law: Contract as Promise Charles Fried, 2015 'Contract as Promise' is a study of the foundations and structure of contract law. It has both theoretical and pedagogic purposes. It moves from trust to promise to the nuts and bolts of contract law. The author shows that contract law has an underlying unifying moral and practical structure. This second edition retains the original text, and includes a new Preface. It also includes a lengthy postscript that takes account of scholarly and practical developments in the field over the last thirty years, especially the large and rich law and economics literature. |
| definition of consideration in business law: Keeping Pace with Change: Fintech and the Evolution of Commercial Law International Monetary Fund, Jose Garrido, 2022-01-27 This note explores the interactions between new technologies with key areas of commercial law and potential legal changes to respond to new developments in technology and businesses. Inspired by the Bali Fintech Agenda, this note argues that country authorities need to closely examine the adequacy of their legal frameworks to accommodate the use of new technologies and implement necessary legal reform so as to reap the benefits of fintech while mitigating risks. Given the cross-border nature of new technologies, international cooperation among all relevant stakeholders is critical. The note is structured as follows: Section II describes the relations between technology, business, and law, Section III discusses the nature and functions of commercial law; Section IV provides a brief overview of developments in fintech; Section V examines the interaction between technology and commercial law; and Section VI concludes with a preliminary agenda for legal reform to accommodate the use of new technologies. |
| definition of consideration in business law: Consideration in Contracts Patrick Selim Atiyah, 1971 |
| definition of consideration in business law: An Introduction to International Contract Law Renzo Cavalieri, Vincenzo Salvatore, 2019 |
| definition of consideration in business law: General Theory Of Employment , Interest And Money John Maynard Keynes, 2016-04 John Maynard Keynes is the great British economist of the twentieth century whose hugely influential work The General Theory of Employment, Interest and * is undoubtedly the century's most important book on economics--strongly influencing economic theory and practice, particularly with regard to the role of government in stimulating and regulating a nation's economic life. Keynes's work has undergone significant revaluation in recent years, and Keynesian views which have been widely defended for so long are now perceived as at odds with Keynes's own thinking. Recent scholarship and research has demonstrated considerable rivalry and controversy concerning the proper interpretation of Keynes's works, such that recourse to the original text is all the more important. Although considered by a few critics that the sentence structures of the book are quite incomprehensible and almost unbearable to read, the book is an essential reading for all those who desire a basic education in economics. The key to understanding Keynes is the notion that at particular times in the business cycle, an economy can become over-productive (or under-consumptive) and thus, a vicious spiral is begun that results in massive layoffs and cuts in production as businesses attempt to equilibrate aggregate supply and demand. Thus, full employment is only one of many or multiple macro equilibria. If an economy reaches an underemployment equilibrium, something is necessary to boost or stimulate demand to produce full employment. This something could be business investment but because of the logic and individualist nature of investment decisions, it is unlikely to rapidly restore full employment. Keynes logically seizes upon the public budget and government expenditures as the quickest way to restore full employment. Borrowing the * to finance the deficit from private households and businesses is a quick, direct way to restore full employment while at the same time, redirecting or siphoning |
| definition of consideration in business law: Principles, Definitions and Model Rules of European Private Law Study Group on a European Civil Code, Research Group on the Existing EC Private Law, 2008 In this volume, the Study Group and the Acquis Group present the first academic Draft of a Common Frame of Reference (DCFR). The Draft is based in part on a revised version of the Principles of European Contract Law (PECL) and contains Principles, Definitions and Model Rules of European Private Law in an interim outline edition. It covers the books on contracts and other juridical acts, obligations and corresponding rights, certain specific contracts, and non-contractual obligations. One purpose of the text is to provide material for a possible political Common Frame of Reference (CFR) which was called for by the European Commission's Action Plan on a More Coherent European Contract Law of January 2003. |
| definition of consideration in business law: Contract Formation and Parties Andrew Burrows, Edwin Peel, 2010-08-12 'This volume of essays addresses the law relating to the formation of legally binding contracts and relationships between contracting parties and third parties and is based on papers delivered at the eighth Oxford-Norton Rose Colloquium at St Hugh's College, Oxford in September 2009.' - Foreword. |
| definition of consideration in business law: Legal Design Corrales Compagnucci, Marcelo, Haapio, Helena, Hagan, Margaret, Doherty, Michael, 2021-10-21 This innovative book proposes new theories on how the legal system can be made more comprehensible, usable and empowering for people through the use of design principles. Utilising key case studies and providing real-world examples of legal innovation, the book moves beyond discussion to action. It offers a rich set of examples, demonstrating how various design methods, including information, service, product and policy design, can be leveraged within research and practice. |
| definition of consideration in business law: Essays on Contract P. S. Atiyah, 1988 P.S. Atiyah is one of the leading contract theorists of the common law world. These previously published essays, all revised or rewritten for this edition, constitute a comprehensive account of Atiyah's thoughts on the theory and foundation of contractual liability over the last twenty years, and include the author's replies to criticisms previously made of his work. |
| definition of consideration in business law: Business Law Rachit Mittal , Anju Agarwal , 2020-11-24 Indian Contract Act, 1872 1. Business (Mercantile) Law : An Introduction, 2. Indian Contract Act, 1872 : An Introduction, 3.Contract : Meaning, Definition and Characteristics of a Valid Contract, 4. Agreement : Meaning, Kinds and Difference, 5. Proposal (Offer), Acceptance Communication and Revocation, 6. Capacity of Parties to Contract or Parties Competency to Contract, 7. Free Consent, 8. Lawful Consideration and Objects, 9. Agreements Expressly Declared as Void, 10 . Contingent Contracts, 11. Performance of Contracts and Appropriation of Payments, 12. Discharge of Contracts, 13. Quasi or Implied Contracts of Certain Relations Resembling those Created by Contracts (Sections 68 to 72), 14. Remedies for Breach of Contract Special Contracts 15. Contract of Indemnity and Guarantee, 16. Contract of Bailment and Pledge, 17. Contracts of Agency, The Negotiable Instruments Act, 1881 1.Negotiable Instruments Act, 1881 :Introduction, 2. Parties to a Negotiable Instruments, 3. Negotiation, 4. Presentment and Dishonour of Negotiable Instruments, 5. Discharge of Negotiable Instruments, 6. Hundis, 7. Banker and Customer, The Consumer Protection Act, 1986 1. The Consumer Protection Act, 1986, M.R.T.P. Act, 1969 1. The Monopolies and Restrictive Trade Practices Act, 1969, 2. The Monopolies and Restrictive Trade Practices Commission, 3. Prohibition of Monopolistic, Restrictive and Unfair Trade Practices, Competition Act, 2002 1.Competition Act, 2002 The Foreign Exchange Management Act, 2000 (FEMA) 1. The Foreign Exchange Management Act, 2000 Intellectual Property Rights Act 1. Intellectual Property Rights Act (Copy Right, Patent and Trade Mark Act). |
| definition of consideration in business law: BUSINESS LAW Prof. Anupama Shukla, 2024-06-01 B.COM, ACCOUNTING & FINANCE [Major 3rd Sem] & Marketing Specilisation [Major 7th Sem] Uniform Syllabus of all Universities of Bihar According to National Education Policy (NEP-2020) based on Choice Based Credit System (CBCS) for Four Year Undergraduate Programme |
| definition of consideration in business law: Business Law Dr. S. K. Singh, Dr. Angad Tiwary, Nikhil Gupta, 2021-05-31 Unit-I Indian Contract Act, 1872 1.Business (Mercantile) Law : An Introduction, 2 .Indian Contract Act, 1872 : An Introduction , 3 Contract : Meaning, Definition and Characteristics of a Valid Contract , 4. Agreement : Meaning, Kinds and Difference, 5 .Proposal (Offer), Acceptance Communication and Revocation, 6. Capacity of Parties to Contract or Parties Competency to Contract, 7. Free Consent, 8. Lawful Consideration and Objects , 9. Agreements Expressly Declared as Void, 10. Contingent Contracts , 11. Performance of Contracts and Appropriation of Payments, 12. Discharge of Contracts, 13. Quasi or Implied Contracts of Certain Relations Resembling those Created by Contracts (Sections 68 to 72), 14. Remedies for Breach of Contract , Unit-II Special Contracts 15.Contract of Indemnity and Guarantee , 16. Contract of Bailment and Pledge, 17. Contracts of Agency , Unit-III The Sale of Goods Act, 1930 18.The Sale of Goods Act, 1930 : An Introduction , 19. Conditions and Warranties, 20. Effects of the Contract of Sale—Transfer of Ownership and Title, 21. Performance of Contract of Sale, 22. Remedial Measures and Auction Sale , Unit-IV The Negotiable Instruments Act, 1881 1..Negotiable Instruments Act, 1881 : Introduction, 2 .Parties to a Negotiable Instruments , 3. Negotiation , 4. Presentment and Dishonour of Negotiable Instruments, 5. Discharge of Negotiable Instruments, 6. Hundis , 7. Banker and Customer, Unit-V G.S.T. G.S.T.—Format and Computing Process. |
| definition of consideration in business law: Remedies for Breach of Contract Mindy Chen-Wishart, Alexander Loke, Burton Ong, 2016-02-12 Studies in the Contract Laws of Asia provides an authoritative account of the contract law regimes of selected Asian jurisdictions, including the major centres of commerce where until now, limited critical commentaries have been available in the English language. In this new six part series of scholarly essays from leading scholars and commentators, each volume will offer an insider's perspective into specific areas of contract law, including: remedies, formation, parties, contents, vitiating factors, change of circumstances, illegality, and public policy, and will explore how these diverse jurisdictions address common problems encountered in contractual disputes. Concluding each volume will be a closing discussion of the convergences and divergences across the jurisdictions. Volume I of this series examines the remedies for breach of contract in the laws of China, India, Japan, Korea, Taiwan, Singapore, Malaysia, Hong Kong, Korea, and Thailand. Specifically, it addresses the readiness of each legal system in their action to insist that parties perform their obligations; the methods of enforcing the parties' agreed remedies for breach; and the ways in which monetary compensation are awarded. Each jurisdiction is discussed over two chapters; the first chapter will examine the performance remedies and agreed remedies, while the second explores the monetary remedies. A concluding chapter offers a comparative overview. |
| definition of consideration in business law: Michigan Court Rules Kelly Stephen Searl, William C. Searl, 1922 |
| definition of consideration in business law: Contract Law Minimalism Jonathan Morgan, 2013-11-07 Commercial contract law is in every sense optional given the choice between legal systems and law and arbitration. Its 'doctrines' are in fact virtually all default rules. Contract Law Minimalism advances the thesis that commercial parties prefer a minimalist law that sets out to enforce what they have decided - but does nothing else. The limited capacity of the legal process is the key to this 'minimalist' stance. This book considers evidence that such minimalism is indeed what commercial parties choose to govern their transactions. It critically engages with alternative schools of thought, that call for active regulation of contracts to promote either economic efficiency or the trust and co-operation necessary for 'relational contracting'. The book also necessarily argues against the view that private law should be understood non-instrumentally (whether through promissory morality, corrective justice, taxonomic rationality, or otherwise). It sketches a restatement of English contract law in line with the thesis. |
| definition of consideration in business law: Business and Commerce Code Texas, 1968 |
| definition of consideration in business law: The Uniform Sales Act , 1919 |
| definition of consideration in business law: Introduction to Business Lawrence J. Gitman, Carl McDaniel, Amit Shah, Monique Reece, Linda Koffel, Bethann Talsma, James C. Hyatt, 2024-09-16 Introduction to Business covers the scope and sequence of most introductory business courses. The book provides detailed explanations in the context of core themes such as customer satisfaction, ethics, entrepreneurship, global business, and managing change. Introduction to Business includes hundreds of current business examples from a range of industries and geographic locations, which feature a variety of individuals. The outcome is a balanced approach to the theory and application of business concepts, with attention to the knowledge and skills necessary for student success in this course and beyond. This is an adaptation of Introduction to Business by OpenStax. You can access the textbook as pdf for free at openstax.org. Minor editorial changes were made to ensure a better ebook reading experience. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution 4.0 International License. |
| definition of consideration in business law: The Cambridge Handbook of Smart Contracts, Blockchain Technology and Digital Platforms Larry A. DiMatteo, Michel Cannarsa, Cristina Poncib-, 2019-10-31 The product of a unique collaboration between academic scholars, legal practitioners, and technology experts, this Handbook is the first of its kind to analyze the ongoing evolution of smart contracts, based upon blockchain technology, from the perspective of existing legal frameworks - namely, contract law. The book's coverage ranges across many areas of smart contracts and electronic or digital platforms to illuminate the impact of new, and often disruptive, technologies on the law. With a mix of scholarly commentary and practical application, chapter authors provide expert insights on the core issues involving the use of smart contracts, concluding that smart contracts cannot supplant contract law and the courts, but leaving open the question of whether there is a need for specialized regulations to prevent abuse. This book should be read by anyone interested in the disruptive effect of new technologies on the law generally, and contract law in particular. |
| definition of consideration in business law: Landmark Cases in the Law of Contract Charles Mitchell, Paul Mitchell, 2008-05-30 Landmark Cases in the Law of Contract offers twelve original essays by leading contract scholars. As with the essays in the companion volume, Landmark Cases in the Law of Restitution (Hart, 2006) each essay takes as its focus a particular leading case, and analyses that case in its historical or theoretical context. The cases range from the early eighteenth- to the late twentieth-centuries, and deal with an array of contractual doctrines. Some of the essays call for their case to be stripped of its landmark status, whilst others argue that it has more to offer than we have previously appreciated. The particular historical context of these landmark cases, as revealed by the authors, often shows that our current assumptions about the case and what it stands for are either mistaken, or require radical modification. The book also explores several common themes which are fundamental to the development of the law of contract: for instance, the influence of commercial expectations, appeals to 'reason' and the significance of particular judicial ideologies and techniques. |
| definition of consideration in business law: New York Contract Law Glen Banks, Judith S. Kaye, New York State Bar Association, Norton Rose Fulbright (Firm)., 2014 |
| definition of consideration in business law: An Introduction to the Comparative Study of Private Law James Gordley, Hao Jiang, Arthur Taylor von Mehren, 2021-01-28 Original sources illustrate and compare the principal doctrines of private law in the United States, England, France, Germany and China. |
| definition of consideration in business law: Business Law S.P. Sharma, 2012-06-25 Business Law caters to the needs of both undergraduate and postgraduate students in Commerce and Management streams. Written in lucid language it deals in a detailed manner with Contract Act and other related laws like Environment Protection Act, Consumer Protection Act, the Intellectual Properties Act, Cyber Laws and Competition Act. It contains the definitions of all the important terms with objectives of each Act. Each chapter concludes with a question bank which will help the students in preparing for examinations. Several examples have also been included to explain the law and its practical relevance. There are case laws which add to the value of the book. In all an attempt is made towards knowing business law clearly. |
| definition of consideration in business law: Business Law Samuel Pool Weaver, Nellie M. Catton, 1926 |
| definition of consideration in business law: Tractatus de legibus&consuetudinibus regni Angliæ, tempore Regis Henrici secundi compositus, etc Ranulphus de GLANVILLA (Chief Justiciary of England.), 1673 |
| definition of consideration in business law: Business Law Myron T. Bly, 1891 |
| definition of consideration in business law: The History of the Doctrine of Consideration in English Law Edward Jenks, 1892 |
| definition of consideration in business law: A Brief Introduction to Business Law Shailja S Sharma, : The book presents the basic concepts of Business Law in a compiled manner and focuses on the provisions, penalties and remedies mentioned under the act. The subject matter is presented in such a way that a student with little or no exposure with the subject will understand it well. The content matter is especially designed keeping in mind the audience of the book (Graduate, Post Graduate students and other Professional course students). The book comprises of no. of examples which will help readers to understand the concept easily. |
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