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Keshrimal Sankliya   25 June 2022

not having losses is also consideration

not having losses is also consideration like if offeree do the act or abstinence to prevent from losses this not bearing losses is consideration in indian contract act


Quick Summary
This discussion explores the concept of 'avoiding loss' as valid consideration within the Indian Contract Act. It clarifies that if an offeree takes action or refrains from acting specifically to prevent losses, this forbearance can be legally recognised as consideration. The aim is to elaborate on this principle with a relevant case example to illustrate its practical application.

 2 Replies

Dr. MPS RAMANI Ph.D.[Tech.] (Scientist/Engineer)     25 June 2022

Please .elaborate with a case as instance

N.K.Assumi (Advocate)     25 June 2022

The query is vague.


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