Consideration and contract
Anooj (Chartered Accountant) (2130 Points)
06 March 2012
" No consideration , No contract "
*RENU SINGH *
(✩ §m!ℓ!ñġ €ม€§ fℓม!ñġ ђ♪gђ✩ )
(21627 Points)
Replied 06 March 2012
a consideration can not be challegened on the ground that it is not the market value ....
it should be on reasonable price
PRAFULLA
(article)
(47 Points)
Replied 06 March 2012
No Consideration , No contract,
" in any contract their must be some consideration it may be some kind of reasonable value bt essentail part is that their sould be consideration than it is a VALID contract.
if no consideration than it is a GIFT .I.E VOLUNTARLY GIVEN.
CAclubindia
