CBCR and Consideration: Difference between pages
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imported>Doug Williamson (Create page. Source: HMRC webpage https://www.gov.uk/government/publications/country-by-country-reporting-updated/country-by-country-reporting-updated) |
imported>Doug Williamson (Expand in relation to Scots law. Source: UK Supreme Court reports 2015, cited in John Grout's email of 11 March 2015.) |
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'' | 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. | |||
Note that other legal systems may differ significantly. For example in Scots law a unilateral undertaking that is intended to have legal effect, such as a promise, is binding without consideration passing from the recipient of that promise. | |||
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. | |||
== See also == | |||
* [[ACT Competency Framework]] | |||
* [[ACT Ethical Code]] | |||
* [[Consensus in idem]] | |||
* [[Contract]] | |||
* [[Courtesy]] | |||
* [[Quid pro quo]] | |||
[[Category:Compliance_and_audit]] | |||
[[Category:Ethics]] | |||
[[Category:Treasury_operations_infrastructure]] | |||
Revision as of 15:39, 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.
Note that other legal systems may differ significantly. For example in Scots law a unilateral undertaking that is intended to have legal effect, such as a promise, is binding without consideration passing from the recipient of that promise.
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.
