Common Contracts

What is the importance of consideration in a contract with example

March 26th, 2021

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  March 26th, 2021

Consideration: "Something that happens and one takes”. The section 2 (d) of the law 1872 of Contact defines the contract as “When in the wish of the promissory one, the promise or any other person did or abstained from the realization or do or it abstains from realization or promise of doing or abstaining from the realization. I tie something such or abstinence or promise is called a consideration of the promise”. “When in the wish of the promissory one, the promise or any other person did or abstained from the realization or do or it abstains from realization or promise of doing or abstaining from the realization. I tie something such or abstinence or promise is called a consideration of the Promise”. 1.1 To importance of the Consideration of consideration is the foundation of sometime the contract. The law insists on the existence of the consideration if a promise will be going to have the fulfillment demanded how creating legal obligations. A promise without consideration is null an