The document discusses the legal requirements for consideration in contracts. It notes that consideration must be provided by both parties for an agreement to be valid under Section 26(b) of the Contracts Act 1950. Consideration does not need to be monetary and can include a promise to do or not do something. Consideration can be provided by or move to a third party, and past consideration is acceptable if done voluntarily. Natural love and affection is also valid consideration if the agreement is in writing and registered under law between parties in a near family relation.
The document discusses the legal requirements for consideration in contracts. It notes that consideration must be provided by both parties for an agreement to be valid under Section 26(b) of the Contracts Act 1950. Consideration does not need to be monetary and can include a promise to do or not do something. Consideration can be provided by or move to a third party, and past consideration is acceptable if done voluntarily. Natural love and affection is also valid consideration if the agreement is in writing and registered under law between parties in a near family relation.
The document discusses the legal requirements for consideration in contracts. It notes that consideration must be provided by both parties for an agreement to be valid under Section 26(b) of the Contracts Act 1950. Consideration does not need to be monetary and can include a promise to do or not do something. Consideration can be provided by or move to a third party, and past consideration is acceptable if done voluntarily. Natural love and affection is also valid consideration if the agreement is in writing and registered under law between parties in a near family relation.
◦ Contract is a fair game- both parties must provide
◦ S26 (b) CA 1950: agreement without consideration is void ◦ Consideration must be tendered in evidence by the party who pursues the claim ◦ Tell the court the reason why P wants to bring the claim against D – it’s because P has provided consideration, in return D should do his part
definition need not be third party past consideration natural love & part payment
S 2 (d) CA 1950 adequate affection S64 CA 1950:
S 2 (d)…”any S26 (b) CA 1950: past S27(a) Specific other consideration is good is good payment of a ◦ need not be in Relief Act person”… consideration provided the consideration if: lesser sum in monetary terms 1950: if means past act is done voluntarily. ◦ in writing satisfaction of consideration ◦ registered under larger sum is ◦ includes a consideration is S 2 (d): consideration must law good promise to do grossly may be be provided due to request ◦ parties are in something or inadequate, provided by or consideration by the promisor. near relation to not to do court will move to 3rd each other Kerpa Singh something disallow party. JM Wotherspoon: court held specific that S26 (b) prevails over Re Tan Soh Sim performance, S2(d). The judge in this case adopted son was did not acknowledge S2(d), held to be closer to can only get the family of his damages. probably he’s not aware of adoptive father S2(d). Yet, S2(d) is a than to the family definition section whereas of his adoptive S26(b) is a substantive mother (emotional section hence under the attachment) interpretation rule, S26 (b) should prevail.