In contract law, a promise is not legally binding if it is given for nothing. This unit covers the concept of Consideration, the legal maxim "No Consideration, No Contract", and the rules of legal interest (Privity) under Indian law.
In contract law, a promise is not legally binding if it is given for nothing. This unit covers the concept of Consideration, the legal maxim "No Consideration, No Contract", and the rules of legal interest (Privity) under Indian law.