Consideration
Glossary of Technical Terms, Phrases, and Maxims of the Common Law · Frederic Jesup Stimson · 1881
Glossary of Technical Terms, Phrases, and Maxims of the Common Law
Compensation; a jazW^ro yao. Good consideration: one founded on natural affection, blood relationship, as opposed to valuable consideration: a profit or loss capable of being estimated in money. Express consideration, when stated in the contract; implied, when arising from the law; executed, when performed prior to the promise founded upon it; executory, when to be performed after the promise is made.