Fair consideration

Checkout our iOS App for a better way to browser and research.

    Fair consideration is given for property or an obligation, if:

        (1)    In exchange for the property or obligation, as a fair equivalent for it and in good faith, property is conveyed or an antecedent debt is satisfied; or

        (2)    The property or obligation is received in good faith to secure a present advance or antecedent debt in an amount not disproportionately small as compared to the value of the property or obligation obtained.


Download our app to see the most-to-date content.