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Valuable Consideration

Black's Law Dictionary · Henry Campbell Black, M.A. · 1910

Black's Law Dictionary

The distinction between a good and a valuable consideration is that the former consists of blood, or of natural love and affection; as when a man grants an estate to a near relation from motives of generosity, prudence, and natural duty; and the latter consists of such a consideration as money, marriage which is to follow, or the like, which the law esteems an equivuient given for the grant.

2 Bl. Comm. 297.

A valuable consideration is a thing of value parted with, or a new obligation assumed, at the time of obtaining a thing, which is a substantial compensation for that which ls obtained thereby. It ls also called simply "value."

Civ. Code Dak. § 212L