Usually, past considerationA promise after the act of a promise, not negotiated; it does not count in return. is not enough to support a promise. From a previous perspective, the courts include an act that could have served as consideration if it had been negotiated at the time, but would not have been agreed upon. For example, Mrs. Ace`s dog, Fluffy, escapes from her lover`s apartment at dusk. Robert finds Fluffy, sees Mrs. Ace, who is looking for her own pet, and gives him Fluffy. She said, “Oh, thank you for founding my dear dog. Come tomorrow morning and I will give you fifty dollars as a reward. The next day, Robert walks by Mrs. Ace`s apartment, but she says, “Well, I don`t know.

Fluffy soiled the carpet again last night. I think a twenty-dollar reward might be plentiful. Robert can`t raise the fifty dollars. Although Mrs. Ace may have a moral obligation to pay him and keep her promise, there was no consideration for it. Robert did not suffer any legal disadvantage; his contribution – finding the dog – was paid before their promise, and his previous consideration is not valid to support a contract. There was no negotiated exchange. Contracts governed by the Convention on Contracts for the International Sale of Goods (as mentioned in Chapter 8 “Introduction to Contract Law”) do not require the linking of consideration. Under section 25 of the Indian Contracts Act, there is no exception similar to the common law, but there are some exceptions. It states that an agreement is void without consideration, unless (a) A undertakes to give B 1,000 rupees in return. That.

is a null and void agreement. Contract law defines “consideration” as an answer to the question: “How do you benefit from the conclusion of this contract?” Both parties must receive compensation for the agreement to be legally binding. For example, if you buy a jacket at your favorite store, the garment is the consideration you receive, while your payment is the consideration the store receives. English law allows sealed contracts that are enforceable without consideration. A sealed contract means a contract that is written and that is “signed, sealed and delivered” According to Anson, English law recognizes only two types of contracts, the contract that is concluded by deed, unless it is a seal called an act or specialty, and the simple conflict. .

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