Consideration means something which is of some value in the eyes of law it may be some benefit to th...........

Indian Contract Act (ICA)1872 Consideration of Contract

Consideration means something which is of some value in the eyes of law. it may be some benefit to the plaintiff or somedetriment to the defedent. It was held in case of

Fazaladdin vs Panchanan Das

Thomas Vs Thomas

Currie vs Misa

None of the above

छोटे Courses बड़े Results

Master Consideration of Contract

Prepare through Micro-courses

Try Now

Explanation:

- Consideration means something of value in the eyes of the law—either a benefit to one party or a detriment to the other.

- Thomas Vs Thomas: This is the classic case where the principle about consideration being of some value (however small) was established. The court stated that consideration must be something which is of value in the eyes of law, not necessarily adequate.

- Fazaladdin vs Panchanan Das: This case is not a landmark authority on the general concept of consideration as defined above.

- Currie vs Misa: This case gave a definition of consideration, explaining it as some right, interest, profit, benefit, or forbearance, detriment, loss, or responsibility given, suffered, or undertaken. However, the wording in your question fits better with Thomas Vs Thomas.

- None of the above: Not correct, as option 2 fits.