Law of Contracts
Reciprocal Promises and Consideration: Essential Conditions Precedent For Formation of a Valid Contract
Introduction: The term “Consideration” is defined under Section 2(d) of the Indian Contract Act, 1872. Generally, a contract without “consideration” stands declared void under Indian Law, However, under English Law, contracts may be valid even when consideration is not present as an element, such as in the case of: – Read more…