c




 c


It is a essential element for formation of a valid contract . A

contract is void without consideration.

According to Sir Pollock-dz Consideration is the price for

which the promise of the party is broughtdz.

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° A agrees to sell his factory to B for Rs. 50,000.
Here for Aǯs promise, the consideration is the price
of his factory i.e. Rs. 50,000 and for Bǯs promise,
consideration is Aǯs factory

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c 
 

° A) Consideration may be an act to do something of doing

something.
° B) Consideration may be past, present or future.

° C) Consideration must be real & not illusory.

° D) Consideration should move at the desire of the

promisor.
° E) Consideration may move from any person including the
promisee.

° F) For supporting each independent promise, there

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must be an independent consideration.
° M) Consideration need not be adequate.
° H) Consideration must be something which the
promisor is not already bound to do.
° I) Consideration must be valuable in the eyes of
laws.

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° 1) Present or Executed Consideration
° 2) Past Consideration
° 3) Future or Executory Consideration
° 4) Unlawful Consideration
° 5) Illusory or Unreal Consideration

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° 1) Present or Executed Consideration-

A present Consideration is something which is

already actually done . It is done in response to some
promise by the promisee. In this, one party has
already performed its part of the promise while the
other party has to perform its part of the promise.

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° A past consideration is something that is wholly done

by the promisee even before making of the agreement.
It is always supported by the future promise.
EX-
X was an infant & at his desire, Y provided him
certain essential commodities. After attaining the
majority X promises Y to compensate for what Y
did in the past.

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 c 
 

° A Consideration is said to be future when it is to be

done in future.
A future Consideration is always a promise to do or
for bear or suffer at a future date only.

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° 1) When forbidden by law

° 2) When defeat the provisions of law
° 3) When they are fraudulent
° 4) When cause injury to other persons or their
property
° 5) When opposed to public policy

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° When a consideration subsist in wards only & is

physically or legally impossible to perform a
promise, such consideration is known as illusory or
unreal.

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