Looking for online definition of MER or what MER stands for? MER is listed in the World's largest and most authoritative dictionary database of abbreviations and acronyms MER - What does MER stand for? The Free Dictionary
Principle, canon, rule imply something established as a standard or test, for measuring, regulating, or guiding conduct or practice. A principle is a general and fundamental truth that may be used in deciding conduct or choice: to adhere to principle.
Consideration can be defined as payment or money and it is also a fundamental element into a contract. The principle of consideration is to ensure that promises are enforced to the parties that promised to exchange something of value in the viewpoint of the law. Consideration is only present when the parties mean to have an exchange. However, consideration must be sufficient but need not be adequate. It means consideration must be having some values, whether it appropriates in order to meet the return of the agreement.