“Consideration Explained | Indian Contract Act 1872 | Sections 2(d), 23–25”
Автор: lawstress
Загружено: 2025-12-15
Просмотров: 40
Consideration under the Indian Contract Act, 1872 | Section 2(d), 23–25 Explained
What is consideration in a contract?
Why is it called the price of a promise?
Can an agreement exist without consideration?
In this video, we explain Consideration under the Indian Contract Act, 1872 in a simple, exam-oriented manner, with illustrations and legal provisions.
🔹 Topics Covered:
✔ Meaning of consideration (Section 2(d))
✔ Essentials of valid consideration
✔ Types of consideration – past, present & future
✔ Lawful and unlawful consideration (Section 23)
✔ Effect of unlawful consideration (Section 24)
✔ Agreement without consideration & its exceptions (Section 25)
✔ Difference between no consideration and inadequate consideration
✔ Important illustrations for easy understanding
This video is useful for: 🎓 Law students (LLB / BA-LLB / BBA-LLB)
⚖ Judiciary & RJS aspirants
📖 CLAT & other law entrance exams
👉 Watch till the end for quick revision tips and exam-friendly notes.
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📩 Comment your doubts or request the next topic!
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#Consideration #IndianContractAct #LawOfContract #JudiciaryPreparation #RJS #LLB #LawStudents #ContractLaw #LegalConcepts #LawYouTube
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