fair consideration

Definition of "fair consideration"
  1. A condition where someone receives something of reasonable value in a sincere and honest manner
How to use "fair consideration" in a sentence
  1. The property was sold at a fair consideration, ensuring both buyer and seller were satisfied with the transaction.
  2. In the business deal, the company ensured a fair consideration was provided to all parties involved.
  3. The contract was voided due to lack of fair consideration, as one party did not receive reasonable value in exchange.

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