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According to Indian Contract Act, Consideratio is 'When, at the desire of the promisor, the promisee or, any other person, had done or abstained from doing, or does or abstains from doing, or promises to do or, to abstain from doing, something, such act or abstinence or promise is called a consideration for the promise"
This could be put simply as ...Consideration is nothing but the price paid by one party for the promise of the other. It can be in the nature of a positive act or the forbearance of a certain act. It can be past, present or future.
Thus, consideration forms an essential part of an agreement without which the agreement is void. This is because, in the absence of consideration, there is no legal obligation formed between the parties and, therefore, in such a scenario, they are not bound by the terms of the agreement
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Consideration meaning and difference between English law and Indian law?
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.
How long is a check valid for?
six months according to Indian law
How Can an Indian girl marry Oman's boy?
It depends on their religions. Per Islam teachings, if the Oman boy is Muslim he can marry the Indian girl only if she is Muslim, Christian, or Jewish. However, if both are non Muslims, they can marry according to the Indian law or Oman law.
When was Indian Law Institute created?
Indian Law Institute was created in 1956.
Simple Guide to Indian Law?
Book - Indian Law For A Common Man
Indian girl can marry Oman's boy and that is valid in Oman?
It depends on their religions. Per Islam teachings, if the Oman boy is Muslim he can marry the Indian girl only if she is Muslim, Christian, or Jewish. However, if both are non Muslims, they can marry according to the Indian law or Oman law.
What are the type of consideration under tanzania law?
there are only two types which are executory consideration and executed consideration as provided under section 2(1)(d) law of contract act(cap 345 r.e 2002).
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How should one register a institute according to Indian law?
i have the same question please somebody willreply must and be originalbydesignersiva.blgospot.com
I am Indian can I marry a Kuwait girl?
It depends on your religion. Per Islam teachings, if the Indian boy is Muslim he can marry the Kuwait girl only if she is Muslim, Christian, or Jewish. If the Kuwait girl is Muslim she can marry the Indian boy only if he is Muslim too. However, if both are non Muslims, they can marry according to the Indian law or Kuwait law.
Can an Indian marry Kuwait girl?
It depends on their religions. Per Islam teachings, if the Indian boy is Muslim he can marry the Kuwait girl only if she is Muslim, Christian, or Jewish. If the Kuwait girl is Muslim she can marry the Indian boy only if he is Muslim too. However, if both are non Muslims, they can marry according to the Indian law or Kuwait law.
Does qualification of judges depends on which law school graduate from?
It is one consideration when they are appointed. And when they are elected, the informed voters will take it into consideration. Not all judgeships require a law degree or license.
