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.

Profile Image

Guest

Profile Image

Guest (Expert)
25 August 2012 No,past consideration is of no validity in India.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries