What is ADEQUATE CONSIDERATION? Definition of ADEQUATE CONSIDERATION in Black's Law Dictionary
One which isequal, or reasonably proportioned, to the value of that for which it is given. 1 Story, Eq.Jur. §§ 244-247. One which is not so disproportionate as to shock our sense of that morality and fair dealing which should always characterize transactions between man and man. U. S. Smelting, Refining & Milling Co. v. Utah Power & Light Co., 197 P. 902, 905, 58 Utah, 168. Fair and reasonable under circumstances. Boulenger v. Morison, 88 Cal.App. 664, 264 P. 256, 259. Reasonably just and equitable. Laguna Land & Water Co. v. Greenwood, 92 Cal.App. 570, 268 P. 699, 700.
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