Durga Prasad v Baldeo

Durga Prasad v. Baldeo (1881): Past Consideration and the Limits of Contractual Obligation

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Durga Prasad v. Baldeo (1881): Past Consideration and the Limits of Contractual Obligation Author: Krish Gaur Student,Student, Apex School of Law, Apex University, Jaipur. ————————————————————————————— 💡 3 Quick Takeaways 1. A promise of guarantee executed after a loan has already been advanced is not legally enforceable — the prior loan constitutes past consideration, which is […]

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Consideration under the Indian Contract Act, 1872: Meaning, Exceptions and Judicial Interpretation

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Consideration under the Indian Contract Act, 1872: Meaning, Exceptions and Judicial Interpretation Author: JyotiStudent, RBPU, Hoshiarpur Punjab —————————————————————————————————————- Quick Takeaways Introduction A contract is a legal agreement between two or more persons that creates rights and duties for everyone involved. In our daily life, we enter into contracts more often than we realize such as

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