In omnibus contractibus, sive nominatis sive innominatis, permutatio continetur
- In all contracts, whether nominate or innominate, a consideration is contained.
Ballentine's law dictionary. Anderson, W.S.. 1998.
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in omnibus contractibus, sive nominatis sive innominatis, permutatio continetur — /in omnabas kantrabktabas, sayviy nomaneytas sayviy inomaneytas, parmyuwteysh(iy)ow kontaniydar/ In all contracts, whether nominate or innominate, an exchange [of value, i.e., a consideration] is implied … Black's law dictionary
contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… … Law dictionary
consideration — con·sid·er·a·tion n: something (as an act or forbearance or the promise thereof) done or given by one party for the act or promise of another see also contract compare motive ◇ Except in Louisiana, consideration is a necessary element to the… … Law dictionary
imply — im·ply /im plī/ vt im·plied, im·ply·ing 1: to recognize as existing by inference or necessary consequence esp. on legal or equitable grounds in ordinary circumstances...the law would imply that it was the duty of the hospital to use due care… … Law dictionary