CLAT (Common Law Admission Test) Legal-Aptitude Contract Law Revision (Page 5 of 5)

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Consideration

Consideration is necessary to form a contract. In its absence, the agreement is void and the promise would be considered only a gravitous or bare promise (nudum pactum). Consideration is the price for which the promise of the offer is

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Free Consent

A mere consent is not enough for a valid contract. A contract to be valid must have free consent, i. e. both the parties must agree to the contract on their own will i. e. consensus ad idem and not

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