Question

Define consideration. critically discuss the essential elements of consideration​

Answer 1

Explanation:

features or essential elements of a valid consideration:

1. consideration should be something desired by the promisor.
2. sedation can be given by the promisee or any other person.
3. consideration is very essential in every contract.
4. consideration may be positive or negative.
5. consideration may be past present or future.
6. consideration may be in any form.
7. consideration should be lawful.
8. consideration need not be adequate.
9. consideration should be real and having some value in the eyes of law.