this post was submitted on 03 Mar 2025
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Consideration does not have to just mean monetary payment
I don't think I said that? Consideration is any kind of payment, money or otherwise. The terminology of the law also says this, "monetary or other value consideration". A discount is not really giving money to someone, but it may be valuable consideration (if it is part of a broader deal - a shop shelf discount usually isn't).
It's the first sentence on your post
Your statement implies there are other forms of payment than monetary.
My statement did not state monetary payments only, just payment generally. I clarified 2 sentences later with "in exchange for a payment (money or otherwise)". The point I'm making is that "consideration" is a payment in return for something else, and that payment can either be money or any other valuable item or service.