NOTES


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The Indian Contract Act, 1872 - Consideration Notes

Q1.

What do you understand by the term ‘Consideration’? Are there any circumstances under which a contract, under the provisions of the Indian Contract Act, 1872, without consideration is valid? Explain.

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Q2. Define Consideration and its essential elements.

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Q3. “No consideration, no contract". Comment.

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Q4. "No consideration, no contract". State the exceptions to the rule.

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Q5. What do you understand by the Doctrine of privity?

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