{"id":251388,"date":"2024-05-07T02:58:28","date_gmt":"2024-05-07T02:58:28","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/?p=251388"},"modified":"2024-05-07T02:58:28","modified_gmt":"2024-05-07T02:58:28","slug":"must-consideration-be-of-equal-value","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/","title":{"rendered":"Must consideration be of equal value?"},"content":{"rendered":"<p>Consideration refers to something of value that each party in a contract gives to the other. It is an essential element of a valid contract, signaling the intention of both parties to enter into a binding agreement. While it is commonly perceived that consideration must be of equal value, this is not always the case. The concept of equal value is often misunderstood, as consideration can take various forms and involve subjective assessments. In this article, we will explore the question: must consideration be of equal value?<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/#Must_Consideration_Be_of_Equal_Value\" title=\"Must Consideration Be of Equal Value?\">Must Consideration Be of Equal Value?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/#1_Does_the_law_require_consideration_to_be_exactly_equal\" title=\"1. Does the law require consideration to be exactly equal?\">1. Does the law require consideration to be exactly equal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/#2_Can_consideration_be_intangible\" title=\"2. Can consideration be intangible?\">2. Can consideration be intangible?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/#3_Are_promises_sufficient_consideration\" title=\"3. Are promises sufficient consideration?\">3. Are promises sufficient consideration?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/#4_Does_consideration_have_to_involve_monetary_value\" title=\"4. Does consideration have to involve monetary value?\">4. Does consideration have to involve monetary value?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/#5_Can_consideration_be_of_unequal_value_in_an_employment_contract\" title=\"5. Can consideration be of unequal value in an employment contract?\">5. Can consideration be of unequal value in an employment contract?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/#6_Is_consideration_required_for_a_verbal_agreement\" title=\"6. Is consideration required for a verbal agreement?\">6. Is consideration required for a verbal agreement?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/#7_Can_past_consideration_be_valid\" title=\"7. Can past consideration be valid?\">7. Can past consideration be valid?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/#8_Can_nominal_or_token_consideration_be_sufficient\" title=\"8. Can nominal or token consideration be sufficient?\">8. Can nominal or token consideration be sufficient?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/#9_What_if_one_party_fails_to_provide_consideration\" title=\"9. What if one party fails to provide consideration?\">9. What if one party fails to provide consideration?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/#10_Is_consideration_the_only_requirement_for_a_valid_contract\" title=\"10. Is consideration the only requirement for a valid contract?\">10. Is consideration the only requirement for a valid contract?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/#11_Can_consideration_be_exchanged_after_a_contract_is_formed\" title=\"11. Can consideration be exchanged after a contract is formed?\">11. Can consideration be exchanged after a contract is formed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/#12_Can_a_court_modify_consideration_in_a_contract\" title=\"12. Can a court modify consideration in a contract?\">12. Can a court modify consideration in a contract?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Must_Consideration_Be_of_Equal_Value\"><\/span>Must Consideration Be of Equal Value?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The straightforward answer to this question is **no, consideration does not necessarily need to be of equal value**. It is a common misconception that a contract requires a strict exchange of equivalent values. In reality, the law is not concerned with the equality of value, but rather with the presence of consideration, regardless of its actual worth.<\/p>\n<p>Consideration can come in different forms, such as money, goods, services, promises, or even refraining from doing something. What matters is that each party gives something of value according to their own assessment, based on their needs, preferences, or subjective judgments.<\/p>\n<p>For instance, in a contract between a landlord and a tenant, the landlord may offer the tenant a discounted rent price in exchange for maintaining the property. Here, the value of the discounted rent might be disproportionate to the value of the tenant&#8217;s maintenance services. However, this does not render the contract invalid, as long as each party receives something they consider valuable.<\/p>\n<p>Furthermore, the adequacy of consideration is usually not a matter for the court&#8217;s consideration. Courts generally do not assess the fairness or equality of the values exchanged. The law is chiefly concerned with whether there is mutual assent and a bargained-for exchange, rather than the proportionality of the values traded.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span>Frequently Asked Questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"1_Does_the_law_require_consideration_to_be_exactly_equal\"><\/span>1. Does the law require consideration to be exactly equal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nNo, the law does not require consideration to be exactly equal. It is the presence of consideration, not its equality, that matters.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Can_consideration_be_intangible\"><\/span>2. Can consideration be intangible?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, consideration can be intangible as long as it holds value to the parties involved. Promises, refraining from action, or exchanging rights are all valid forms of intangible consideration.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Are_promises_sufficient_consideration\"><\/span>3. Are promises sufficient consideration?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, promises can be sufficient consideration, as long as they are legally binding promises. However, gratuitous promises (promises made without a bargained-for exchange) are generally unenforceable.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Does_consideration_have_to_involve_monetary_value\"><\/span>4. Does consideration have to involve monetary value?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nNo, consideration does not have to involve monetary value. It can include goods, services, promises, or any other thing of value.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Can_consideration_be_of_unequal_value_in_an_employment_contract\"><\/span>5. Can consideration be of unequal value in an employment contract?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, consideration can be of unequal value in an employment contract. For instance, an employee may receive a higher salary in exchange for agreeing to a non-compete clause, even though the salary might outweigh the restriction&#8217;s value.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_Is_consideration_required_for_a_verbal_agreement\"><\/span>6. Is consideration required for a verbal agreement?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, consideration is generally required, even for a verbal agreement. However, some agreements might fall under specific circumstances where consideration is not necessary, such as contracts under seal.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Can_past_consideration_be_valid\"><\/span>7. Can past consideration be valid?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nPast consideration, consideration given before the contract is formed, is generally not valid unless it is subsequently ratified by both parties or given in response to a new promise.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_Can_nominal_or_token_consideration_be_sufficient\"><\/span>8. Can nominal or token consideration be sufficient?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, nominal or token consideration can be sufficient to satisfy the requirement of consideration, as long as it represents a true agreement between the parties.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_What_if_one_party_fails_to_provide_consideration\"><\/span>9. What if one party fails to provide consideration?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf one party fails to provide consideration, it may render the contract unenforceable against that party. Both parties must generally provide consideration for a contract to be valid.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_Is_consideration_the_only_requirement_for_a_valid_contract\"><\/span>10. Is consideration the only requirement for a valid contract?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nNo, consideration is just one of the essential elements for a valid contract. Other requirements include mutual assent, legal capacity, and legality of the object.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_Can_consideration_be_exchanged_after_a_contract_is_formed\"><\/span>11. Can consideration be exchanged after a contract is formed?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIn certain cases, parties may agree to exchange consideration after the contract is formed. This is known as an executory contract, where the exchange occurs at a later date.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Can_a_court_modify_consideration_in_a_contract\"><\/span>12. Can a court modify consideration in a contract?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nCourts generally refrain from modifying the consideration in a contract, as it is primarily a matter of party autonomy. However, exceptions may exist in cases of fraudulent or unconscionable contracts where the court can intervene.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Consideration refers to something of value that each party in a contract gives to the other. It is an essential element of a valid contract, signaling the intention of both parties to enter into a binding agreement. While it is commonly perceived that consideration must be of equal value, this is not always the case. &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Must consideration be of equal value?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/#more-251388\">Read more<span class=\"screen-reader-text\">Must consideration be of equal value?<\/span><\/a><\/p>\n","protected":false},"author":63,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-251388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Must consideration be of equal value?<\/title>\n<meta name=\"description\" content=\"Consideration refers to something of value that each party in a contract gives to the other. It is an essential element of a valid contract, signaling the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Must consideration be of equal value?\" \/>\n<meta property=\"og:description\" content=\"Consideration refers to something of value that each party in a contract gives to the other. It is an essential element of a valid contract, signaling the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/\" \/>\n<meta property=\"og:site_name\" content=\"Namso Gen Blog - Free Credit Card Generator [100% Valid]\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/synchronyfinancial\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-07T02:58:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/namso-gen.co\/blog\/wp-content\/uploads\/2024\/03\/faq.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Velma Ogden\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@synchrony\" \/>\n<meta name=\"twitter:site\" content=\"@synchrony\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Velma Ogden\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/\"},\"author\":{\"name\":\"Velma Ogden\",\"@id\":\"https:\/\/namso-gen.co\/blog\/#\/schema\/person\/fc93d9bf0970ea3275be2a8bb1824bee\"},\"headline\":\"Must consideration be of equal value?\",\"datePublished\":\"2024-05-07T02:58:28+00:00\",\"dateModified\":\"2024-05-07T02:58:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/\"},\"wordCount\":734,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/namso-gen.co\/blog\/#organization\"},\"articleSection\":[\"Learn\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/\",\"url\":\"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/\",\"name\":\"Must consideration be of equal value?\",\"isPartOf\":{\"@id\":\"https:\/\/namso-gen.co\/blog\/#website\"},\"datePublished\":\"2024-05-07T02:58:28+00:00\",\"dateModified\":\"2024-05-07T02:58:28+00:00\",\"description\":\"Consideration refers to something of value that each party in a contract gives to the other. It is an essential element of a valid contract, signaling the\",\"breadcrumb\":{\"@id\":\"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/namso-gen.co\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Must consideration be of equal value?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/namso-gen.co\/blog\/#website\",\"url\":\"https:\/\/namso-gen.co\/blog\/\",\"name\":\"Namso Gen Blog - Free Credit Card Generator [100% Valid]\",\"description\":\"In Namso gen blog you can get many tips regarding to Credit cards, VCC, Credit card security etc. You can generate credit cards by using Namso-gen.co\",\"publisher\":{\"@id\":\"https:\/\/namso-gen.co\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/namso-gen.co\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/namso-gen.co\/blog\/#organization\",\"name\":\"Namso Gen Blog - Free Credit Card Generator [100% Valid]\",\"url\":\"https:\/\/namso-gen.co\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/namso-gen.co\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/namso-gen.co\/blog\/wp-content\/uploads\/2020\/07\/namso-gen-logo.png\",\"contentUrl\":\"https:\/\/namso-gen.co\/blog\/wp-content\/uploads\/2020\/07\/namso-gen-logo.png\",\"width\":500,\"height\":164,\"caption\":\"Namso Gen Blog - Free Credit Card Generator [100% Valid]\"},\"image\":{\"@id\":\"https:\/\/namso-gen.co\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/synchronyfinancial\",\"https:\/\/twitter.com\/synchrony\",\"https:\/\/www.youtube.com\/synchronyfinancial\",\"https:\/\/www.instagram.com\/synchrony\",\"https:\/\/www.linkedin.com\/company\/synchrony-financial\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/namso-gen.co\/blog\/#\/schema\/person\/fc93d9bf0970ea3275be2a8bb1824bee\",\"name\":\"Velma Ogden\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/namso-gen.co\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g\",\"caption\":\"Velma Ogden\"},\"description\":\"Guest author Velma Ogden has meticulously crafted and revised this article to the best of their knowledge and understanding. Readers are strongly advised to exercise caution, verify information independently, and rely on their own judgment when considering the information provided. Read more articles on Namso Gen here.\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Must consideration be of equal value?","description":"Consideration refers to something of value that each party in a contract gives to the other. It is an essential element of a valid contract, signaling the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/","og_locale":"en_US","og_type":"article","og_title":"Must consideration be of equal value?","og_description":"Consideration refers to something of value that each party in a contract gives to the other. It is an essential element of a valid contract, signaling the","og_url":"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/","og_site_name":"Namso Gen Blog - Free Credit Card Generator [100% Valid]","article_publisher":"https:\/\/www.facebook.com\/synchronyfinancial","article_published_time":"2024-05-07T02:58:28+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/namso-gen.co\/blog\/wp-content\/uploads\/2024\/03\/faq.png","type":"image\/png"}],"author":"Velma Ogden","twitter_card":"summary_large_image","twitter_creator":"@synchrony","twitter_site":"@synchrony","twitter_misc":{"Written by":"Velma Ogden","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/#article","isPartOf":{"@id":"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/"},"author":{"name":"Velma Ogden","@id":"https:\/\/namso-gen.co\/blog\/#\/schema\/person\/fc93d9bf0970ea3275be2a8bb1824bee"},"headline":"Must consideration be of equal value?","datePublished":"2024-05-07T02:58:28+00:00","dateModified":"2024-05-07T02:58:28+00:00","mainEntityOfPage":{"@id":"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/"},"wordCount":734,"commentCount":0,"publisher":{"@id":"https:\/\/namso-gen.co\/blog\/#organization"},"articleSection":["Learn"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/","url":"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/","name":"Must consideration be of equal value?","isPartOf":{"@id":"https:\/\/namso-gen.co\/blog\/#website"},"datePublished":"2024-05-07T02:58:28+00:00","dateModified":"2024-05-07T02:58:28+00:00","description":"Consideration refers to something of value that each party in a contract gives to the other. It is an essential element of a valid contract, signaling the","breadcrumb":{"@id":"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/namso-gen.co\/blog\/must-consideration-be-of-equal-value\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/namso-gen.co\/blog\/"},{"@type":"ListItem","position":2,"name":"Must consideration be of equal value?"}]},{"@type":"WebSite","@id":"https:\/\/namso-gen.co\/blog\/#website","url":"https:\/\/namso-gen.co\/blog\/","name":"Namso Gen Blog - Free Credit Card Generator [100% Valid]","description":"In Namso gen blog you can get many tips regarding to Credit cards, VCC, Credit card security etc. You can generate credit cards by using Namso-gen.co","publisher":{"@id":"https:\/\/namso-gen.co\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/namso-gen.co\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/namso-gen.co\/blog\/#organization","name":"Namso Gen Blog - Free Credit Card Generator [100% Valid]","url":"https:\/\/namso-gen.co\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/namso-gen.co\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/namso-gen.co\/blog\/wp-content\/uploads\/2020\/07\/namso-gen-logo.png","contentUrl":"https:\/\/namso-gen.co\/blog\/wp-content\/uploads\/2020\/07\/namso-gen-logo.png","width":500,"height":164,"caption":"Namso Gen Blog - Free Credit Card Generator [100% Valid]"},"image":{"@id":"https:\/\/namso-gen.co\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/synchronyfinancial","https:\/\/twitter.com\/synchrony","https:\/\/www.youtube.com\/synchronyfinancial","https:\/\/www.instagram.com\/synchrony","https:\/\/www.linkedin.com\/company\/synchrony-financial"]},{"@type":"Person","@id":"https:\/\/namso-gen.co\/blog\/#\/schema\/person\/fc93d9bf0970ea3275be2a8bb1824bee","name":"Velma Ogden","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/namso-gen.co\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g","caption":"Velma Ogden"},"description":"Guest author Velma Ogden has meticulously crafted and revised this article to the best of their knowledge and understanding. Readers are strongly advised to exercise caution, verify information independently, and rely on their own judgment when considering the information provided. Read more articles on Namso Gen here."}]}},"_links":{"self":[{"href":"https:\/\/namso-gen.co\/blog\/wp-json\/wp\/v2\/posts\/251388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/namso-gen.co\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/namso-gen.co\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/namso-gen.co\/blog\/wp-json\/wp\/v2\/users\/63"}],"replies":[{"embeddable":true,"href":"https:\/\/namso-gen.co\/blog\/wp-json\/wp\/v2\/comments?post=251388"}],"version-history":[{"count":0,"href":"https:\/\/namso-gen.co\/blog\/wp-json\/wp\/v2\/posts\/251388\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/namso-gen.co\/blog\/wp-json\/wp\/v2\/media\/107420"}],"wp:attachment":[{"href":"https:\/\/namso-gen.co\/blog\/wp-json\/wp\/v2\/media?parent=251388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/namso-gen.co\/blog\/wp-json\/wp\/v2\/categories?post=251388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/namso-gen.co\/blog\/wp-json\/wp\/v2\/tags?post=251388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}