A term used in law to denote the remuneration that a contracting party accepts in exchange for something else or in return for a service rendered. A “concurrent consideration” is a consideration received at the time of the making of the agreement; an “executed consideration” is one previously received; an “executory consideration,” one to be received at a date subsequent to the agreement. The term “good consideration” is used to define that natural love and affection which is usually considered an adequate motive for the transfer of property without a valuable equivalent, except as against creditors. A “valuable consideration” is an equivalent that must be admitted to be of pecuniary value. “Want of consideration” is the lack of any equivalent whatever, and “failure of consideration” denotes that an apparently good equivalent has afterward become worthless.
- Gravity of offence is not relevant consideration for refusing bail to the juvenile- Allahabad HC-07/08/2020
- Quick consideration of mercy petition and swift rejection the same cannot be ground for judicial review: SC on rejecting a petition by Nirbhya Rape-Murder Accused