Start learning 50% faster. Sign in now
Get Started with ixamBee
Start learning 50% faster. Sign in nowWhenever a contract is made, there is a price associated with it. It is the value offered and accepted by people or companies. In simple terms, consideration is something in return. As per section 2(d), the definition of consideration is as follows: “When at the desire of the promisor, the promise or any other person has done or abstained from doing, or does or abstains from doing, or promises to do or abstain from doing something, such act or abstinence or promise is called a consideration for the promise." Consideration is the foundation on which any contract is built. The law would enforce only those promises that are made as part of the consideration. Let us break down every part of the consideration definition in law: · Consideration has to move as per the desire of the promisor. · Consideration may move from the promise to another person. · Consideration might be in the past, present, or future. · Consideration does not need to be adequate. · Consideration must be real and not illusory. · Illegal or immoral acts are not considered.
Who among the following, while praising the amending feature of the Indian Constitution said that ‘This variety in the amending process is wise but is...
Which organization launched 'Project Vaani' in collaboration with IIT Madras to collect voice data from across India to train AI models in local languages?
The Fundamental Duties were added to the Constitution of India in the year:
In 1680, _________, son of Shivaji, ascended the throne after winning the war of succession against his brother Rajaram.
The world’s highest bridge is built on which river?
To increase fish consumption, which state inaugurated the 'Aqua Bazaar' and 'Aqua Hub' project on 21 November 2020?
Jat-Jatin is one of the most popular folk dance form of which among the following states?
The National Strategy for Financial Education (NSFE) doesn’t include which of these given below options in its 5c approach?
Which of the following is ‘NOT’ one of the three major types of rocks?