How Do You Spell FAILURE OF CONSIDERATION?

Pronunciation: [fˈe͡ɪli͡əɹ ɒv kənsˌɪdəɹˈe͡ɪʃən] (IPA)

The phrase "failure of consideration" refers to a situation where one party fails to provide something that they were obligated to provide under a contract. The spelling of this phrase is as follows: /ˈfeɪljər/ /əv/ /kənˌsɪdəˈreɪʃən/. The IPA phonetic transcription breaks down the pronunciation into separate syllables and provides guidance on how to pronounce each sound. This spelling helps ensure that there is no ambiguity in how the phrase is pronounced, which can be important in legal contexts where precision is essential.

FAILURE OF CONSIDERATION Meaning and Definition

1. Failure of consideration refers to a legal concept that occurs when there is a lack of fulfillment or non-performance of an agreed-upon promise or obligation. It is a breach of contract situation where one party fails to provide the expected or agreed-upon consideration or benefit to the other party. In other words, it is the failure of one party to fulfill their part of an agreement or contract.

   Consideration refers to something of value that is exchanged between the parties involved in a contract. It can be a promise, action, money, or anything that has a legal value. Failure of consideration happens when the consideration promised or expected by one party is not given or received as per the agreement.

   For instance, if Party A agrees to pay Party B a certain sum of money in exchange for the delivery of goods, but Party B fails to deliver those goods, a failure of consideration occurs. Similarly, if Party A hires Party B to provide a service, but Party B does not fulfill their contractual obligations, there is a failure of consideration.

   In such cases, the party who has not received the promised consideration may have legal remedies, such as filing a lawsuit to seek damages or cancellation of the contract. It is important to note that failure of consideration must be significant enough to affect the core purpose or essence of the contract for legal actions to be taken.

Common Misspellings for FAILURE OF CONSIDERATION

• dailure of consideration
• cailure of consideration
• vailure of consideration
• gailure of consideration
• tailure of consideration
• railure of consideration
• fzilure of consideration
• fsilure of consideration
• fwilure of consideration
• fqilure of consideration
• faulure of consideration
• fajlure of consideration
• faklure of consideration
• faolure of consideration
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• faikure of consideration
• faipure of consideration
• faioure of consideration
• failyre of consideration