1.(a) Consideration is a quid pro quo i,e something in return it may be –
MEANING
(i) some benefit right, interest, loss or profit that may accrue to one party or,
(ii) some forbearance, detriment, loss or responsibility suffered on undertaken by the
other party [currie V mussa]
(b) According to Sir Frederick Pollock, “consideration is the price for which the promise
of the other is bought and the promise thus given for value is enforceable.
2. Definition [Sec 2(d)]:- when at the desire of the Promisor, the promise or any other
person.
(a) has done or abstained from doing , or [Past consideration]
(b) does or abstains from doing, or [Present consideration]
(c) promises to do or abstain from doing something [Future consideration ] such act or
abstinence or promise is called a consideration for the promise.

3. Consideration may be past, present, Future.