Why Is It Called Consideration Contract Law

As per apnaqanoon, Consideration is a contract law because promise, performance, by a promisor in exchange for their agreement to the party of the contract. Consideration is the main element of a contract. Without consideration no valid contract for parties, and contract cannot be enforceable by law/qanoon.

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Who Can Pay Consideration As per Qanoon

As per apnaqanoon,Consideration may move from the promisee or any other person. consideration may be from the promisee of any other person even a stranger. This means that as long as there is consideration for the promisee, it is immaterial who has furnished according to business qanoon/law.

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What Is Simple Consideration Clause Qanoon

As per apnaqanoon, consideration clause is the payment in return of the promise of something of value. Like a service, property, a promise . Each and every party who enters into a contract and benefits from the contract must be given consideration. It is a value of something which is being exchanged for a bargain…

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