Question
Which of the following constitutes valid consideration
under the Indian Contract Act, 1872?Solution
Section 2(d) of the Indian Contract Act expressly recognizes both past and future acts as valid consideration. Unlike English law, the phrase "has done or abstained from doing" in the Indian definition validates Past Consideration (Option A). Furthermore, the phrase "promises to do or to abstain from doing" confirms that a promise for a future act, known as Executory Consideration (Option B), is also legally sufficient to form a binding contract.
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