TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

SUFFICIENT CONSIDERATION [2 records]

Record 1 2015-11-13

English

Subject field(s)
  • PAJLO
  • Law of Contracts (common law)
  • Property Law (common law)
DEF

One deemed by the law of sufficient value to support an ordinary contract between parties, or one sufficient to support the particular transaction. (Black, 6th, p. 307)

French

Domaine(s)
  • PAJLO
  • Droit des contrats (common law)
  • Droit des biens et de la propriété (common law)
OBS

contrepartie suffisante : terme normalisé par le Comité de normalisation, Promotion de l'accès à la justice dans les deux langues officielles (PAJLO).

Spanish

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Record 2 2012-06-20

English

Subject field(s)
  • Property Law (civil law)
  • Real Estate
CONT

Consideration is sufficient where it amounts to something that is capable of expression in economic terms.

OBS

Consideration can be anything of value (such as an item or service) which each party to a legally binding contract must agree to exchange if the contract is to be valide. If only one party offers consideration, the agreement is not legally a binding contract.

French

Domaine(s)
  • Droit des biens et de la propriété (droit civil)
  • Immobilier
CONT

L'immeuble est-il assuré pour une valeur suffisante? L'indemnisation tient compte au minimum de la valeur réelle de l'immeuble, c'est-à-dire déduction faite de la vétusté pour tenir compte de sa dépréciation par l'usage.

Spanish

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