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The World Law Dictionary Project

English may be the common language of the world, but the Common Law is not the common law of the world

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e.g. principle, consideration, jurisdiction
# a b c d e f g h i j k l m n o p q r s t u v w x y z

transaction at an undervalue noun


a business agreement under which the company receives no consideration or significantly less consideration than it should have
The court held that the assignment to the director’s wife was a transaction at an undervalue because the value of the land was clearly far above the price paid.

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jurisdiction consideration principal

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