Formation of Contract B1.5

[trupti]

Consideration:
-Is the price paid for the promise.
-Can be any form like giving of an employment, giving guarantee of an overdraft, surrendering of interest in business.
-Need not be in the form of money.

[teju2000]

Consideration means quid pro quo (Latin)- It means something in return.

Consideration must be lawful.

Consideration means some benefit, profit, abstinence or price or giving right

Consideratio means to do or not to do something..

[Acid]

Consideration means quid pro quo (Latin)- It means something in return.

Consideration must be lawful.

Consideration means some benefit, profit, abstinence or price or giving right

Consideratio means to do or not to do something..


This is a great definition for consideration , If you'd had it here b4 then I'd had impressed my examiner with it! ;)