A comprehensive encyclopedia entry explaining the concept of a gift as a voluntary transfer of property made without consideration, including related terms like taxable gift and gift tax.
Gratis refers to something provided without any cost, charge, or consideration. It's commonly used to describe services or products that are offered freely, without expecting anything in return.
Quid Pro Quo is a Latin term meaning 'something for something.' In legal contexts, it is synonymous with consideration and refers to the mutual exchange of value upon which a contract is based.
An in-depth exploration of rescission, the process of canceling a contract and returning parties to their pre-contract positions. This includes grounds for rescission such as original invalidity, fraud, failure of consideration, material breach, or default, and the methods by which rescission can be effected.
Examining the multifaceted concept of tolls from legal suspensions to economic considerations.
An in-depth exploration of Valuable Consideration, its significance in contract law, and how it distinguishes itself from Good Consideration.
