Consideration

[h Bi.consideratio, causa; Fr. cause.'] In the law of contracts. The material cause of a contract, without which no contract is binding. Termes de la ley.

Cowell. Dyer, 336 b. Plowd. 309. Dig. 2. 14. Y. 1, 2.

Code Civil liv.

8, tit. 3, sect. 4, § 1 131. Smith on Contracts, 88, note. 2 Ad. <t Ell. N. S. S5l.

Otherwise defined or described as follows: The reason which moves the contracting party to enter into the contract.

2 Bl. Com. 443.

The thing given in exchange for the benefit which is to be derived from a contract; the compensation, quid pro quo, or equivalent, answering to the permutatip of the civil law, or more closely perhaps to the Gr. avpd Xkayfia; something mutually or reciprocally interchanged, though not necessarily o? equal value.* 2 Bl. Com. 444.

2 Steph. Com. 112.

Oravina, lib.

2, § 12. Cowell 2 ITent's Com. 463.

The price or motive of the contract.

2 BL Com. 443, 4*44. 1 Archb. Nisi Prius, 3.

The inducement to the contract.

2 Xinfs Com. 463.

Any benefit accruing to him who makes the promise, or any loss, trouble or disadvantage undergone by, or charge impoaed upon him to whom it is made.

Smith on Contracts, Ql, 88. 2 ITent^s Com. 466. 1 Arcl^. I^. Prius, 14, 15. Broom's Max. 341.

See Good consideration. Valuable consideration, Express consideration.

Implied consideration

Executed consideration. Executory consideration.