Just Consideration Law and Legal Definition

Just consideration means consideration legally sufficient for any purpose. [Moruzzi v. Federal Life & Casualty Co., 42 N.M. 35 (N.M. 1938)].

Under a statute requiring a chattel mortgage when filed to be accompanied by an affidavit stating that the mortgage is given in good faith, and it was for value received, constitutes a substantial equivalent to a recital that the consideration was just. [Schuster v. Wendling, 116 F.2d 596, 598 (6th Cir. Ohio 1941)].