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

Dictionary Entries Near 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 22 Jul. 2024.

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