Valuable Consideration Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Valuable Consideration, written in plain English, along with examples of how it is used.

What is Valuable Consideration?

(n) For a valid agreement between two parties a consideration is required. It can be money, materials or performance quantifiable in money’s worth. Such consideration passed from one party to the other under an agreement enforceable by law is called as valuable consideration