What is LawBrain?
It's a living legal community making laws accessible and interactive. Click Here to get Started »

Want of Consideration

From lawbrain.com

A comprehensive term for all transactions or situations where no inducement to a contract was intended to pass between the parties thereto and, therefore, no legally enforceable contract is created.

Want of consideration differs from failure of consideration, which refers to a situation wherein consideration was originally existing and valid but has since become valueless or ceased to exist.

Contributors

Admin