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Act of positive manner in consideration part 2|advocate in hyderabad Telugu Video

for documents downloaded visit https://www.advocateslibrary.com/ Law of contract-1, part-2 CONSIDERATION (Sec – 2(d) )

consideration part2 act of positive manner explained in telugu
Consideration may be a right ,interest, profit, benefit to one party or forbearance, detriment, loss or responsibility given or suffered by the other party .
Example : “Shekar” promised “kiran” to lend his cycle where there is no consideration. One party may suffer the benefit or the loss.
CONSIDERATION :
1 . ACT (Positive manner)
2. FORBEARANCE.
3. RETURN PROMISE.


1. ACT (positive manner)
Contract of Guarantee: A contract to perform the promise or discharge the liability, of a third person in case of his default is called Contract of Guarantee.
A guarantee may be either oral or written.
The person who gives guarantee is called as Surety.
The person on whose default the guarantee is given is called as the Principal Debtor
Example : Surety of 1lakh.

explained the meaning of creditor , principal debtor and surety in telugu with the examples using the names of persons.

#CONSIDERATION

JUSTICE PATTERSON : Observed “consideration means something which is of some value in the eyes of law”

CONSIDERATION: means something in written “ Quid Pro Quo”:


“ Quid Pro Quo”: Is a latin word used in english to mean an exchange of goods or services, in which one transfer is contingent upon the other , “a favour for a favour”(or)A favour or advantage granted in return for something.

Section 2(d) of the Indian Contract Act Defines :
When at the desire of the promisor, the promisee or any other person has done or does or Abstained from doing something or promises to do ,such act is called “ A Consideration for the promise.”

1.Must move at the desire of the promisor.
Example: District collector – Construction of a market.
2.May move from the promisee or any other person.
Example : old lady gifted her property to her daughter.
May be past, present and future.
Past consideration means paying for the past services.
Example : teacher and student.
Present consideration means one side performance is completed and the other side performance is outstanding .
Example : any contest.
Future consideration or Executory consideration. : Both the parties have exchanged the promises but not completed yet.

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sowjanya advocate
#consideration best advocate in Hyderabad
free legal advice online best lawyer in Hyderabad india i'm Sowjanya M, Advocate from Hyderabad, Telangana Stata, INDIA.
i handle the cases of civil and criminal matters from only Hyderabad location.
Civil matters like family related cases, property transfer cases,etc, i will give free legal advice and legal help for your queries.
industrial dispute matters, consumer forum cases,
in criminal matters like Bail, cheque bounce cases, etc, i will give free legal advice and legal help for your queries please do comment your question i will make video on that or i will reply to it.
videos of my channel are based on the Indian Law , Legal rights , employees related video on gratuity , law classes of LLB 3 years Degree course explained in telugu. Classes on law of contract.
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For any legal advice and legal help in telugu you can mail me.

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