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Simple English definitions for legal terms

good and valuable consideration

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A quick definition of good and valuable consideration:

Good and valuable consideration is something of value that is given or promised by one party in exchange for the promise of the other party. It can be an act, a forbearance, or a return promise that motivates a person to engage in a legal act. Consideration is necessary for an agreement to be enforceable. It must be fair and reasonable under the circumstances of the agreement, and it can be either past, present, or future consideration. Consideration can be implied by law from the parties' actions, but it cannot be illegal or immoral. Nominal consideration, which is so insignificant as to bear no relationship to the value of what is being exchanged, can be valid. The process by which a deliberative assembly disposes of a motion is also called consideration.

A more thorough explanation:

Definition: Good and valuable consideration refers to something of value that is given or promised by one party in exchange for the promise of the other party. It can be an act, a forbearance, or a return promise that motivates a person to engage in a legal act. Consideration is necessary for an agreement to be enforceable. It must involve some gain or benefit to the promisor or some loss or disadvantage to the promisee.

Examples: A person promises to sell their car to another person for $10,000. The $10,000 is the consideration for the promise to sell the car. In another example, a person promises to mow their neighbor's lawn every week for a month in exchange for their neighbor's promise to water their plants while they are on vacation. The act of mowing the lawn is the consideration for the promise to water the plants.

Explanation: In both examples, there is an exchange of something of value between the parties. The promise to sell the car is supported by the $10,000 payment, which is a benefit to the seller. The promise to mow the lawn is supported by the promise to water the plants, which is a benefit to the person going on vacation. Both examples illustrate the concept of good and valuable consideration, which is necessary for a contract to be legally enforceable.

good and merchantable abstract of title | good and workmanlike

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NosyBeagle
16:25
will start doing this
windyMagician
16:26
here u go: 🫡
AngryMiniCar
16:26
^^ I will say wrong answer journal helped me a loooooottt. I would put a small note on the bottom of every reviewed question about a concept/ idea that I learned from my mistake and review it every once in a while. I came from -11
NosyBeagle
16:28
🫡
AngryMiniCar
16:28
I think my issue with RC is that for LR if I misread that's one question. But if I misread the tone of an RC passage I'm screwed for a bunch of questions.
windyMagician
16:29
do you have a particularly hard time with one kind of passage, or is it more of an overall problem?
PremiumFrequentCrane
16:29
First, RC is something you been doing since grade 1, so unlike LR or LG, it is something you have been exposed to and you will have a natural affinity for it that will be hard to move beyond. Second, you need to just do more of them lol Know all the rules and question types etc. from a curriculum, one of the tried and true like PS or 7sage or what not, then you just drill. Of course that also means you need to review your answers in depth - you need to find where in your thought process you made an error so it doesnt happen again. It also helps to solidify right thought pathways. And not about content like "oh yeah i guess the blacks in 1870s latino communities were creole," but like "oh yes question asks for y and i said z so in the answer i mistook x for w being the right answer" lol aka structural approach. That is all i gots for free lol hire a tutor if you need more.
PremiumFrequentCrane
16:30
For LR, look at it as mathematical word problems with algebra.
AngryMiniCar
16:32
Thanks @premiumfrequentcrane. Windy I think (oddly enough) I'm having the most trouble with liberal arts/arts based passages. So anything about the arts/ a writer or author/ music I mess up on even if the passage is super easy.
PremiumFrequentCrane
16:34
Usually happens when you apply too much opinion to the passage lol that is also why i said 0 to -2 is RC mastery as opposed to -0 as sometimes you may think that author's pov in the opera comparative passages is "facetious" and they were looking for "apathetic"
AngryMiniCar
16:36
That's likely true.
PremiumFrequentCrane
16:38
Remember, all people who go to law school having to do LSAT prep is also about social engineering lol Like you should have some shared basis in how you think/talkk, hence "lawyer talk," but how do they choose which ones to release for everyone to do, from a content perspective? Is it a coincidence we get many climate change content questions? LOL So what i am getting at is that is sometimes VERY subjective lol So dont beat yourself up TOO bad on arts in RC, but obvs work on it.
RasheedWallaceFan
16:41
How many t-14s are appropriate to apply to if i have a 170 lsat
RasheedWallaceFan
16:41
this is for next cycle
RasheedWallaceFan
16:42
everyone saying medians are gonna be crazy so idk what i should be aiming for. 3.9+ gpa if it matters
RasheedWallaceFan
16:42
r/lsa makes me feel like im stupid for having a 170 lol
windyMagician
16:44
@RasheedWallaceFan: your gpa is above all medians, so apply broadly
RasheedWallaceFan
16:47
Okay thank you for the input, the other thing im struggling with is just making a school list in general. I am insecure so im like do i have to apply to 5 low ranked schools just in case? I guess I am trying to figure out where the "safety" cutoff is and my list right now is 25 schools so idk if thats too much
windyMagician
16:52
@RasheedWallaceFan: 25 is on the high end, but you should apply to however many you feel comfortable with. imo, a safety is anywhere you are well above both medians. you can look at my school list for inspo if you'd like
windyMagician
16:52
you shouldn't apply to anywhere you wouldn't realistically go if it was your only offer
RasheedWallaceFan
16:55
for sure, thank you a lot. Have fun at michigan that will be awesome!
NosyBeagle
17:13
it is 4pm here so it's time for nyt sudoku (I'm not good at sudoku either)
badhorrormovie
17:13
omg i just did the wordle and mini
NosyBeagle
17:14
love nyt games
badhorrormovie
17:14
SAMEEEEE
NosyBeagle
17:14
i do them in between studying to keep sane
badhorrormovie
17:16
@RasheedWallaceFan: take your list and research the city, campus, tuition, bar passage, employment by sector, etc.!!! it might help you narrow down your school choices
badhorrormovie
17:18
also don't pay much attention to the people on reddit. there's genuinely good advice but there's a ton of people who are just energy vampires (average reddit user)
badhorrormovie
17:18
@NosyBeagle: that is so real
badhorrormovie
17:18
me playing a mobile game after a 7sage section
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