Consideration: Difference between revisions
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imported>Doug Williamson (Link with ACT Competency Framework page.) |
imported>Doug Williamson (Clarify that the 'required element' relates to English law.) |
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1. ''Contract law.'' | 1. ''Contract law.'' | ||
A required element in a contract by which something of value, including a promise, is exchanged for the act or promise of another. | A required element in a contract under English law by which something of value, including a promise, is exchanged for the act or promise of another. | ||
Revision as of 15:07, 11 March 2015
1. Contract law.
A required element in a contract under English law by which something of value, including a promise, is exchanged for the act or promise of another.
2.
More generally, thoughtfulness and sensitivity towards others.
3.
To act with courtesy and consideration is one of the principles of the ACT's Ethical Code.
