new consideration
- A payment or obligation that arises under the provisions of Section 6-106 of the Uniform Commercial Code, in exchange for the transfer of a large quantity of goods
- The parties agreed to new consideration to finalize the transfer of bulk goods.
- In the contract, they included a clause about new consideration pertaining to the delivery and acquisition of a large amount of commodities.
- Under Section 6-106 of the Uniform Commercial Code, new consideration was payable for the bulk shipment of materials.
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