The contract act 1872.
This query is : Resolved
13 June 2012
i jst wanna know about the past consideration . Is past consideration valid in india?
13 June 2012
hi,
past consideration is of no effect to consideration at all. It is where the defendant's promise is subsequent to the plaintiff's act and independent of it. for example, where P saves D from drowning; Das an expression pf gratitude, later promises to pay P a sum of money as a reward. Here P cannot sue D on his promise since P's consideration is past in time, D's promise being subsequent abd independent of A's act. The case of Re McArddle illustrates the concept of past consideration
Read more: http://wiki.answers.com/Q/What_is_means_by_past_consideration#ixzz1xeQZ01HS
past consideration is very much valid in india.
past consideration is of no effect to consideration at all. It is where the defendant's promise is subsequent to the plaintiff's act and independent of it. for example, where P saves D from drowning; Das an expression pf gratitude, later promises to pay P a sum of money as a reward. Here P cannot sue D on his promise since P's consideration is past in time, D's promise being subsequent abd independent of A's act. The case of Re McArddle illustrates the concept of past consideration
Read more: http://wiki.answers.com/Q/What_is_means_by_past_consideration#ixzz1xeQZ01HS
past consideration is very much valid in india.
Guest
Guest
(Expert)
25 August 2012
No,past consideration is of no validity in India.
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