WebSome contracts are even for $1.00. It's because a contract requires "consideration" which is just something that has some value. So a contract where you give somebody a car, for example, isn't a contract because there is no consideration … WebJan 30, 2016 · 01/30/2016 Posted by Todd Wilkerson Deed No Comments. Question: Why does my Warranty Deed say the purchase price is “Ten Dollars”? Answer: Utah is a non-disclosure state, which means you are not required to disclose the purchase price of your property. The wording put in the deed protects the confidentiality of the purchase price.
Consideration Clause: Meaning & Samples (2024)
WebJun 11, 2010 · The problem is that, under the “consideration received” section, my broker has inserted the phrase “one dollar and other valuable consideration.” In fact, we are selling the boat for $85,000. I am concerned that this is being done at the buyer’s request to help him to avoid the payment of sales or use tax on the purchase. I believe ... WebDec 29, 2006 · English term or phrase: in consideration of Ten dollars ($10.00) WITNESSETH, That the said first party, for and in consideration of Ten Dollars ($10.00) … sims 2 editing food
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Webin Consideration of the Sum of Ten Dollars $10 Form. Check out how easy it is to complete and eSign documents online using fillable templates and a powerful editor. Get everything … Consideration clauses are used to define the total amount due for coverage. They are the terms and conditions that determine how payment is made in exchange for mutual consideration. Some consideration clauses … See more The purpose of consideration clauses is to mitigate the potential for a dispute regarding: 1. Payment amount 2. Payment due dates 3. Consideration exchanged 4. Limitations 5. Penalty … See more Consideration clauses are generally used in real estate and insurance contracts. Essentially, they set the terms around how one party pays another party for something valuable, like a house or insurance policy. They … See more Examples of consideration clauses include: 1. Example 1. Receiving real estate property in exchange for payments 2. Example 2. Paying … See more Web1. the act or an instance of considering; deliberation; contemplation 2. take into consideration to bear in mind; consider 3. under consideration being currently discussed or deliberated 4. a fact or circumstance to be taken into account when making a judgment or decision 5. on no consideration for no reason whatsoever; never rb-293wh