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Consideration may be as per indian contract act


Consideration may be as per indian contract act

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According to taxguru.in, Council’s recommendations are not binding on the Centre and the states and those have only ‘persuasive value’,  the Apex Court also strike down the integrated GST (IGST) levy in an ocean freight case on the basis of Reverse Charge Mechanism (RCM).

From source: wikipedia.org The Indian Contract Act, 1872 prescribes the law relating to contracts in India and is the key act regulating Indian contract law. The Act is based on…

From source: wikipedia.org legal right. Consideration may be thought of as the concept of value offered and accepted by people or organisations entering into contracts. Anything of…

From source: wikipedia.org as the Sale of Goods Act, 1930 (Bangladesh). The definitions as per Section II (s.2 Of Sale of Goods Act 1930) of the Act are as follows: A Contract of…

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According to the source from taxmann.com, According to section 2 ( d) of the Indian Contract Act “when at the desire of the promisor, promisee or any other person has 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.”

Sharing a hint from blog.ipleaders.in, Consideration is defined under Section 2d of the Indian Contracts Act, 1872. It is defined as when the promisee at the request to the promisor has: Done or abstained from doing something, Does or abstains from doing something, Promises to do or abstain from something, Then such act or abstinence is called consideration. Table of Contents

If you read from legalbites.in, Consideration Under Indian Contract Act 1872 By Souvik Chattrejee | February 11, 2019 0 Comment A contract, in order to be valid requires nine essential elements. One of those essential elements is Consideration. Subject to certain exceptions, an This content is for Aspirant and Veteran members only.

It is inferred from shareyouressays.com, Consideration may consist of an act or abstinence: Consideration may consist of either a positive act or abstinence i.e., a negative act.

A post published in legalservicesindia.com, Consideration: “Something which is given and taken. ”Section 2 (d) of the Contact Act 1872 defines contract as “When at the desire of the promissory, the promise or any other person has done or abstained from doing or does or abstains from doing or promise to do or abstain from doing.

It is learnt from a blog edurev.in, (1) That is to say, consideration is the doing or not doing of something which the promisor desires to be done or not done. (2) Consideration must be at the desire of the promisor. (3) Consideration may move from promisee or any other person. (4) Consideration may be past, present or future.

It is understood from sites like quora.com, Answer (1 of 2): It seems, negative consideration.has found its apparent existence in Contract Act, with the aspect of ‘negative covenant’ in the same contract wherein positive consideration also remains present. During any agreed contract span, one party by paying positive consideration engage …

Source: geektonight.com, Section 2 (d) of the Indian Contract Act, 1872 defines consideration thus: “ when at the desire of the promisor, the promisee or any other person has 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 ”.

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