Business Studies, asked by ppsingh72791, 9 months ago

Discuss The Importance Of Consideration In A Contract With Example

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Importance of consideration

Executed consideration is an act in return for a promise. If ,for example, A offers a reward for the return of lost property, his promise becomes binding when B performs the act of returning A's property to him. A is not bound to pay anything to anyone until the prescribed act is done.

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