Business Studies, asked by bholusingh614, 10 months ago

What do you mean by consideration ? Write the legal provisions related to consideration.

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Answered by harshrajput96

Answer:

Consideration as in Contract Law

In simple words, Consideration means 'something in return'. Consideration is one of the essential element for an agreement to become a Contract. It is a requisite for all contracts other than those made by deed. It is the price for which the promise of the other is bought.

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