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Consideration

Consideration

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Published by shubhendra119370

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Published by: shubhendra119370 on Apr 01, 2010
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05/12/2014

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CONSIDERATION.
CONSIDERATION----is the pricefor which the promise of theother party is brought.It should be of some value inthe eyes of law.
 
Essential elements of avalid or lawfulconsideration.
Consideration may be an act to dosomething or abstinence or forbediance of doing something.Considertion may be past, present or future.Real, not illusory.Consideration need not be adequate.Legal, valuable n eyes of law.
 
K
inds of consideration.
Present consideration-------executedPast consideration.Future------executary.Illusory/unreal consideration---which cant be performed.

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