13 March 2008
I can try to explain with the help of example Let us assume that at the time of war between two nations one make the Law about not to make trade transaction with other nation. If any person deliver the goods to that nation for someone (in considration of somework done by that person for him) This will unlawful consideration as this will defeat the provision of law for the time being in force.
Read N.D.KAPOOR (BUSINESS LAW) BOOK its to good for ur all querys.
13 March 2008
a consideration barred by law is unlawful and cannot form basis for a legal recourse. for example if a person is promised a condsideration of Rs ten lakhs to murder somebody , he cannot knock the doors of law if he is not paid the sum,simply because the consideration of money is for murder undertaken by him which is barred by law. so he cannot enforce any legal measure for his unlawful consideration. SIMILARLY A HAWALA TRANSACTION OR FOR THAT MATTER ANY UNLAWFUL CONSIDERATION CANNOT BE ENFORCED BY LAW. R.V.RAO
CAclubindia
