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Consideration is actually absolutely necessary for the formation of contracts. A contract that does not have consideration is basically invalid unless one party can show detrimental reliance.

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Consideration is actually absolutely necessary for the formation of contracts. A contract that does not have consideration is basically invalid unless one party can show detrimental reliance.

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consideration need NOT be adequate but must be sufficient.

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Consideration is an essential element of a legally binding contract where each party agrees to give or do something in exchange for something from the other party. In English law, consideration must be present for a contract to be enforceable, whereas in Indian law, a promise can be enforceable even without consideration under certain circumstances, such as promises made to close family members. Additionally, Indian law recognizes past consideration as valid consideration, while English law generally does not.

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Consideration means that you prepare every message with the recipient in mind and try to put yourself in his or her place.

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Executed and executory consideration is enforced by the common law courts but a past consideration is not. This is because a past consideration arises where the work is done before the obligation or offer to pay is made. See the case of EASTWOOD VRS KENYON.

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