The True and Actual Consideration Paid for This Transfer, Stated in Terms of Dollars, is $ Form
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People also ask
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What does consideration mean on a mortgage?
In real estate, consideration might be the money paid for a property, or the promise to perform certain tasks or obligations in a contract. Consideration is an essential element of a contract, and is required for the contract to be legally enforceable. Without consideration, a contract may not be binding.
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What is actual consideration paid?
Actual Consideration means (i) cash consideration paid to the Group pursuant to the Acquisition Agreement and (2) an amount equal to the number of shares of Parent Common Stock (as adjusted for stock splits, stock dividends, recapitalizations, reorganizations, or any similar transaction whereby the Parent Common Stock ...
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What does in consideration of payment mean?
Payment Consideration means, with respect to any Liquidity Transaction, the sum of any and all consideration paid or payable to the Liquidity Payment Recipients on account of such Liquidity Transaction minus any amounts required to be paid by the Liquidity Payment Recipients in connection with such Liquidity ...
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What does consideration mean on a quitclaim deed?
Consideration is defined as something of value given for the deed. Usually the consideration is money, but it could be for services or anything of value. The amount of consideration does not matter.
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What does consideration amount mean?
The consideration is the value that the buyer transfers to the seller. Simply put, and in most cases, the consideration reflects how much (or the dollar amount) the buyer spent to purchase the item.
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Is $1 considered consideration?
As a result, contracts in the United States have sometimes have had one party pass nominal amounts of consideration, typically citing $1. Thus, licensing contracts that do not involve any money at all often cite as consideration, "for the sum of $1 and other good and valuable consideration."
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What is the meaning of consideration in price?
The term “consideration” is a concept in English law that refers to the price paid in exchange for the fulfillment of a promise. The court in the case of Currie v Misa defined consideration as a right, interest, profit, detriment, loss, or responsibility.
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What does "in consideration of $10" mean?
The consideration is the price or value the buyer provides to the seller in exchange for the property. The requirement for consideration is rooted in the idea that a contract should be a two-way exchange, where both parties give and receive something.
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