failure of consideration

Legal Definition of failure of consideration

: the neglect, refusal, or failure of a party to a contract to perform as promised or furnish the consideration promised also : the extinguishment of the consideration or of the worth of the consideration promised

Learn More about failure of consideration

Cite this Entry

“Failure of consideration.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/failure%20of%20consideration. Accessed 20 Jan. 2021.

Comments on failure of consideration

What made you want to look up failure of consideration? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

Test Your Vocabulary

Words of Snow and Ice Quiz

  • image1037863653
  • Which of the following refers to thin, bending ice, or to the act of running over such ice?
True or False

Test your knowledge - and maybe learn something along the way.

TAKE THE QUIZ
Typeshift

Anagram puzzles meet word search.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!