Need help with legalese lingo

[Andrew]

Thanks Rob but it looks like the dollar amount goes in the second blank on the form.

Andrew

quote:

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Originally posted by Rob Tucker

"That in consideration of ______" is usually what is exchanged in the contract. Usually to acquire a car one would exchange money, in which case the blank would be filled in with an amount. Just as legally one might say:

I transfer this car in consideration of receiving 100 hours of yard work. Or three beehives.

But 99.999% of the time it is money.

Someone correct me if I am wrong. It's been 40 years since I studied business law.

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