17 September 2011
what is legal terminology for the doing or not doing of something which the promisor desires to be done or not done? (A) Desires (B) Wishes (C) Consideration (D) Promise
plz tell me answer of this and why...? plz do reply..
17 September 2011
1.Desire(s) has no legal meaning. 2.Wish(es) has no legal meaning. 3.A contract which is enforceable by the law of the land. 4.Consideration: something for something it is also called in Latin terminology "quid pro quo" 5.Consideration normally expressed in monetary terms say consideration for an advocate taking a case is10,000.(fees is consideration for advocate and arguing a case by advocate is consideration for the client) 6.Not doing an act (forbearance) can be consideration, such as "I will pay you $1,000 not to lay a road next to my fence."(informing adjacent site owner) 7.Not to lay a road is nothing but not doing certain thing.
CAclubindia
