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What is consideration?

What is Consideration?

 

 

What is consideration? | TNG Legal | Attorney Tonya N. Gibbs | http://tnglegal.com/ | (540) 632-1864 | general@tnglegal.com

Video Transcript

Consideration is a payment or benefit that is being exchanged under a contract. For an example, in a real estate contract the individual that is making a payment for the real estate, that is their consideration. The individual that is actually selling the property, the property is their consideration.

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