Consideration – CA Foundation Business Law Question 1.Define consideration. What are the legal rules/essentials regarding consideration? (C.A. Foundation MTP May 2019)Answer:Section 2(d) of the Contract Act define consideration as follows:(a) “When, at the desire of the promisor,(b) the promisee or any other person,(c) has done or abstained from doing, or does or abstains from doing, […]
