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The Adventures of Huckleberry Finn vocabulary

2 legal terms

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consideration: synonyms: ~assumpsit ???

tags: [law]

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Definition:

a concept of English common law and is a necessity for simple contracts but not for special contracts (contracts by deed). The concept has been adopted by other common law jurisdictions, including the US. [...]
In common law it is a prerequisite that both parties offer consideration before a contract can be thought of as binding.

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Uses:

"There; you see it says 'for a consideration.' That means I have bought it of you and paid you for it. Here's a dollar for you. Now you sign it."

Mark Twain. The Adventures of Huckleberry Finn

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