illegal consideration


illegal consideration
consideration in a contract that makes illegal stipulations, element in a contract that is against the law

English contemporary dictionary. 2014.

Look at other dictionaries:

  • illegal consideration — An act or forbearance, or a promise to act or forbear, which is contrary to law or public policy. 17 Am J2d Contr § 157. An illegal consideration is insufficient to support a contract, and an agreement founded upon it is illegal. Smith v… …   Ballentine's law dictionary

  • consideration — con·sid·er·a·tion n: something (as an act or forbearance or the promise thereof) done or given by one party for the act or promise of another see also contract compare motive ◇ Except in Louisiana, consideration is a necessary element to the… …   Law dictionary

  • Consideration in English law — is one of the three main building blocks of a contract. Consideration can be anything of value (such as an item or service), which each party to a legally binding contract must agree to exchange if the contract is to be valid. If only one party… …   Wikipedia

  • consideration — The inducement to a contract. The cause, motive, price, or impelling influence which induces a contracting party to enter into a contract. The reason or material cause of a contract. Some right, interest, profit or benefit accruing to one party,… …   Black's law dictionary

  • consideration — A legal term used to describe the benefit that a borrower, guarantor, or pledgor receives in exchange for agreeing to repay, guarantee, or pledge security to the bank. Usually, but not always, the consideration is the proceeds of the loan. In… …   Financial and business terms

  • Illegal immigration — is the migration into a nation in violation of the immigration laws of that jurisdiction. Illegal immigration raises many political, economical, and social issues, and has become a source of major controversy in developed countries and the more… …   Wikipedia

  • Illegal Alien (Doctor Who) — Doctorwhobook title=Illegal Alien series=Past Doctor Adventures number=5 featuring=Seventh Doctor Ace writer=Mike Tucker and Robert Perry publisher=BBC Books isbn=ISBN 978 0 563 40570 2 set between= Survival and Matrix pages=288 date=October 6… …   Wikipedia

  • illegal contract — An agreement contrary to law, morality, or public policy. 17 Am J2d Contr § 156. A contract founded upon a consideration contrary to good morals, against the principles of sound public policy, in fraud, or in contravention of the provisions of… …   Ballentine's law dictionary

  • immoral — I adjective amoral, arrant, bad, base, conscienceless, corrupt, criminal, debauched, degenerate, depraved, dishonest, dishonorable, disreputable, dissipated, dissolute, evil, exploitative, false, flagitious, graceless, heinous, ignoble,… …   Law dictionary

  • action — ac·tion n [Latin actio legal proceeding, from agere to do, carry out, initiate legal proceedings] 1 a: a judicial proceeding for the enforcement or protection of a right, the redress or prevention of a wrong, or the punishment of a public offense …   Law dictionary


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