It seems goofy that the consideration is not defined. Kim Mosley http://kimmosley.com/blog On Jan 16, 2011, at 11:48 AM, David Dyer-Bennet <dd-b@xxxxxxxx> wrote: > On 2011-01-16 11:29, Bob wrote: >> What then does >> "In exchange for consideration received, I hereby give permission to" >> mean? > > I believe that constitutes a claim that some payment was made, yes. I'd want an expert opinion on the exact wording of the first part; I'm used to seeing a longer form like "in exchange for valuable consideration, hereby acknowledged as received". And in older sources one sees "one dollar plus other valuable consideration..."; I wonder if that's been simplified due to court decisions or changes in the law? > > But yes, payment is a necessary part of the legal concept of contract. > > -- > David Dyer-Bennet, dd-b@xxxxxxxx; http://dd-b.net/ > Snapshots: http://dd-b.net/dd-b/SnapshotAlbum/data/ > Photos: http://dd-b.net/photography/gallery/ > Dragaera: http://dragaera.info >
