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Start learning 50% faster. Sign in nowThe important element for converting an agreement into a contract is the presence of Consideration, however, it is not essential that the consideration should be adequate. Therefore, consideration may or may not be adequate but it should be of some value in the eyes of the law. Also, an agreement to which the consent of the promisor is freely given is not void merely on the basis that the consideration is inadequate; but the inadequacy of the consideration may be taken into account by the Court in determining the question whether the consent of the promisor was freely given or not.
As per LLP act, body corporate includes -
What is the primary objective of the Banking Ombudsman Scheme introduced by the RBI?
A enters B’s house through a window. A commits ______________
What is the liability of drawee of cheque under Negotiable Instruments Act 1881?
Settlement agreement is covered under which section of the Arbitration and Conciliation Act, 1996?
Which of the following new law replaces the IPC and the Evidence Act?
Incorporation document of an LLP has to be filed with:
Constitution of the rent control tribunal is under:
Where is the Secretariat of Codex Alimentarius Commission located?
Which of the following cases upheld ‘secularism’ as a basic feature of the Indian Constitution even before the word ‘secular’ was inserted in t...