Articles under Consideration

Consideration is one of the essential elements of a valid contract under the Indian Contract Act, 1872. It refers to the benefit or interest that one party receives or expects to receive from another party in exchange for a promise or an act. Consideration can be in the form of money, goods, services, forbearance, or anything else that has some value in the eyes of the law. Consideration is one of the essential elements of a valid contract under the Indian Contract Act, 1872.

The Indian Contract Act, 1872 is one of the oldest laws in India that governs the formation and enforcement of contracts. A contract is an agreement between two or more parties that creates legal obligations and rights. For a contract to be valid and enforceable, it must have certain essential elements. These elements are: