PPT - Consideration CA Foundation Notes | EduRev

Mercantile Law for CA CPT

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CA Foundation : PPT - Consideration CA Foundation Notes | EduRev

 Page 1


CPT Paper 2 Mercantile Law Chapter 1  
Unit 2 Consideration 
 
Mr. Varughese Thomas 
 
Page 2


CPT Paper 2 Mercantile Law Chapter 1  
Unit 2 Consideration 
 
Mr. Varughese Thomas 
 
Consideration, Concept, Importance, Double aspect 
Consideration from 3
rd
 party to contract 
Valid contract without consideration 
Stranger cannot sue 
2 
Page 3


CPT Paper 2 Mercantile Law Chapter 1  
Unit 2 Consideration 
 
Mr. Varughese Thomas 
 
Consideration, Concept, Importance, Double aspect 
Consideration from 3
rd
 party to contract 
Valid contract without consideration 
Stranger cannot sue 
2 3 
Contract 
Minus 
Consideration 
Unenforceable 
Promise 
Page 4


CPT Paper 2 Mercantile Law Chapter 1  
Unit 2 Consideration 
 
Mr. Varughese Thomas 
 
Consideration, Concept, Importance, Double aspect 
Consideration from 3
rd
 party to contract 
Valid contract without consideration 
Stranger cannot sue 
2 3 
Contract 
Minus 
Consideration 
Unenforceable 
Promise 
Double aspect of 
consideration 
Benefit to 
promisor 
Detriment 
to promisee 
4 
Page 5


CPT Paper 2 Mercantile Law Chapter 1  
Unit 2 Consideration 
 
Mr. Varughese Thomas 
 
Consideration, Concept, Importance, Double aspect 
Consideration from 3
rd
 party to contract 
Valid contract without consideration 
Stranger cannot sue 
2 3 
Contract 
Minus 
Consideration 
Unenforceable 
Promise 
Double aspect of 
consideration 
Benefit to 
promisor 
Detriment 
to promisee 
4 
Price agreed to be paid by Promisee 
for Obligation of Promisor  
5 
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