 A valuable consideration, in the sense of the law, may consist either in some right, interest, profit, or benefit accruing to one party, or some forbearance, detriment, loss or responsibility given, suffered or undertaken by the other": Currie v Misa...  The Atlantic Reporter - Page 3331890Full view - About this book
 | Joseph Chitty - Contracts - 1834 - 850 pages
...that it is immaterial that the detriment or charge thus assumed, is, in fact, of the most trifling description, provided it be not utterly worthless in fact and in law; and that to constitute a good consideration no benefit need result to the promiser from the performance... | |
 | Joseph Story - Bills of exchange - 1847 - 704 pages
...What, then, is a valuable consideration in the sense of the law ? It may, in general terms, be said to consist either in some right, interest, profit, or benefit, accruing to the party, who makes the contract, or some forbearance, detriment, loss, responsibility, or act, or labor,... | |
 | Alabama. Supreme Court - Law reports, digests, etc - 1871 - 818 pages
...promisor, it is immaterial that the detriment or charge thus assumed is, in fact, of the most trifling description ; provided it be not utterly worthless, in fact and in law, it will be a sufficient consideration to support a promise. Manll v. Vanghn 131 2. .Same. — If a... | |
 | Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - Law reports, digests, etc - 1916 - 802 pages
...they broke ground for that mill in September, 1912." "A 'valuable consideration,' in a legal sense, may consist either in some right, interest, profit, or benefit accruing to one party, or some forbearance, loss, or responsibility given, suffered, or undertaken by the other."... | |
 | Robert D. Handy, John H. Handy - Law reports, digests, etc - 1855 - 638 pages
...would authorize the transfer of a note or bill, and protect the indorsee, and such consideration might consist, " either in some right, interest, profit, or benefit accruing to the party who made the contract, or some forbearance, detriment, loss, responsibility, or act, or labor,... | |
 | Joseph Story - Checks - 1856 - 758 pages
...What, then, is a valuable consideration in the sense of the law? It may, in general terms, be said to consist either in some right, interest, profit, or benefit, accruing to the party who makes the contract, or some forbearance, detriment, loss, responsibility, or act, or labor,... | |
 | Indiana. Supreme Court, Horace E. Carter, Albert Gallatin Porter, Gordon Tanner, Benjamin Harrison, Michael Crawford Kerr, James Buckley Black, Augustus Newton Martin, Francis Marion Dice, John Worth Kern, John Lewis Griffiths, Sidney Romelee Moon, Charles Frederick Remy - Law reports, digests, etc - 1861 - 700 pages
...that it is immaterial that the detriment or charge thus assumed, is, in fact, of the most trifling description, provided it be not utterly worthless in fact and in law." Chit. on Cont., p. 32. — Story on Cont., p. 485, § 431. Now the assignment, as we have shown, was... | |
 | Law - 1872 - 940 pages
...promisor, it is immaterial that the detriment or charge thus assumed is, in fact, of tlie most trifling description, provided it be not utterly worthless, in fact and in law, it will be a sufficient consideration to support a promise: Maull vs. Vaughn, 45 Ala., 134. 9. When... | |
 | John Campbell Allen - 1879 - 606 pages
...dant." It is immaterial that the detriment or charge assumed by the promisee is of the most trifling description, provided it be not utterly worthless in fact and in law ; and to constitute a good consideration, no benefit need result to the promiser from the performance... | |
 | United States. Supreme Court - Law reports, digests, etc - 1881 - 822 pages
...instrument ; but a valuable consideration in the sense of the law, as the court remarked in that case, may consist either in some right, interest, profit, or benefit accruing to th'' one party, or some extension of time of payment, detriment, loss, or responsibility given, suffered,... | |
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