“Insufficiency of consideration is immaterial, but a valid contract must be supported by lawful and real consideration.” Comment.
Introduction Consideration is one of the essential elements of a valid contract as per Section 10 of the Indian Contract Act, 1872. It refers to something in return – an act or abstinence – given by the promisee in exchange for the promisor’s promise. However, the adequacy or sufficiency of consideration is not necessarily a […]