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Full and Val Uable Consideration

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FULL AND VAL UABLE CONSIDERATION. A full and valuable consideration is one which is a just equivalent for what is given or promised.

A valuable consideration is good in law, and as be tween the parties can only be attacked for such gross inequity as amounts to fraud, or constitutes a fraud as against the creditors of the contracting parties. If the consideration is full and valuable, it cannot be attacked in equity by antecedent creditors, unless the contract was made with knowledge of their claims and is void for want of good faith.