The Indian Contract Act, 1872 - Unit 2 || Business Laws and BCR || CA Wallah by PW

[@CAWallahbyPW]

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[@Ameysahu]

Exceptions to Law Of Privity Of Contract 1 = in case of Trust 2 = in case of Family settlement 3 = in case of marriage contract / arrangements 4 = in case of covenent of land 5 = in case of assinment of a contract 6 = acknowledgement & estoppel 7 = contract entred through an agent

[@Ameysahu]

1 = consideration is an act doing something 2 = consideration is abstinance-abstain from doing something 3 = consideration must move at the desire of the promisor 4 = consideration must be past,present,future 5 = consideration may move from promisee or any other person

[@arpitchaudhary1388]

1. trust beneficiaries 2.property settlements 3.marriage contracts 4.assignment of contracts 5.acknowledgement or estoppel 6.covenant running of the land 7.contracts entered through agents

[@PrashantThakur-xr2fc]

In case of trust In case of family settlement In case of certain marriage contract/arrangements Acknowledgement by estopple Assignment of contract Contract entered through an agent In case of convenant running with land

[@MuskanMishra-qn9zk]

Thank you sir hats off for your energy 🔥🔥🔥 you are such a best law teacher💯. THANK YOU SIR 🙏🙏🙏🙏🙏❤🌹🌹

[@purnimagoyal6126]

thank you sir for the amazing session . this brahmastra series is helpng me well in 2nd revision of law .. now all i wait for is these videos for the revision of law. thank you sir for all your efforts

[@Angad-ji1kv]

When at the desire of promisor the promisee or any other person has done or abstaied from doing anything or done or abstain from doing anything or promise to done or abstain from doing something is known as consideration Consideration of act Consideration of abstinence Consideration must move at the desire of promisor Consideration may move from the promisee or any other person

[@Pardeep.00000]

A consideration which consists in the performance of an act is said to be excuted, but when it consists in a promise, it is said to be executory

[@narjiszahra9406]

In the case of a family settlement are reduced into writing the members of family who originally had not been parties to the settlement may enforce the agreement

[@jakirrauma552]

1 .consideration is an act-doing something 2. Consideration is an abstinence - abstain from doing something 3. Consideration must be at the desire of the promissory 4. Consideration may move from promisee or any other person 5. Consideration must be past present or future

[@CA_Vallabh_Khedkar]

When at the desire of the promisor the promisee or any other pearson has done or abstained form doing or does or abstains from doing or promises to do or abstains from doing something such act abstinece or promise is called consideration for promise.

[@Manthansdoshi]

Thank you soooo much sir for your efforts for us... maza aagaya

[@nehasharma5257]

1- in case of trust 2- in case of family settlement 3- in case of marrige settlement/contract 4- case of assignment 5- acknowledgement by estoppal 6- in the case of covnent running with land 7- in case of agency relationship

[@mayankasthana6289]

sir yek request hai sir sir ye offline marathon ko yt pe bhi upload krdena hm log ki help ho jayegi because mughe permition nhi mil rhi utti duur jane ki i belongs to jaunpur up.....i hope u will understand

[@khushitiwari7067]

Yes sir plz.... online bhi conduct karwa dijiyega hum bhi sir ayodhya se hain or Delhi aana possible nahi hai

[@AbhishekGupta-kx4gv]

Agree with mayank it's not possible form Mumbai to come delhi

[@narjiszahra9406]

Legal rules regarding valid consideration 1.consideration must move at the desire of ther promisor 2. Consideration may move from promisee or any ither person 3. Consideration may be past present and future 4.need not be adequate 5. Consideration may be executory and executed consideration 6. Consideration neend not to be illusory must be real 7.consideration is not immoral, unlawful or oppose to public policy

[@narjiszahra9406]

Consideration is an act Consideration is an abstinence

[@rabiya.986]

Thank you so much sir for your efforts and amazing session ❤️

[@narjiszahra9406]

There can be a stranger to a consideration but not stranger to contract

[@shikhajha6985]

1. The principal can enforce the contract 2. entered by his agent 3. Agent has acted within the scope of his authority and in the name of the principal

[@shikhajha6985]

1- Consideration is an act doing something 2- Consideration is an abstance or ab abstain for doing something

[@kiranbrahmankar5361]

Thank you sir its very helpful and amazing session

[@narjiszahra9406]

The concept of stranger to consideration is a valid and us different from stranger to a contract

[@hackergaming7284]

THANK YOU SO MUCH SIR FOR THE AMAZING SESSION

[@AyushsinghCACSaspirant1912]

Thanks sir ji revision ho gya best ji

[@narjiszahra9406]

Consideration must be real And not illusory: if it is legally or physically impossible it is not considered as a valid consideration

[@dop363]

Contract entered into through an agent : the principal can enforce entered by his agent has acted within the scope of his authority and in name of the principal

[@ShaliniSikarwar-mn4jx]

Thank you dear teacher ❤❤🙏🏻🙏🏻🙏🏻🙏🏻

[@Amanlane]

This amazing session ❤❤❤ sir very very helpful

[@SAMIKSHAKANSKAR-t7r]

Thanku so much sir for this lectureee

[@tanveerziya]

*DEFINITION OF CONSIDERATION* When at the desire of the promisor,promisee or any other person has done something or abstain from doing somthing or does or abstain from doing something or promise to do or abstain from doing something such an act or abstinence or promise is called consideratin for promise. Consideration is an act -doing something Consideration is abstain-abstain from doing something Consideration must be at the desire of the promiser Consideration may have by promisee or other person Consideration may be past, present or future.

[@narjiszahra9406]

Performance of what one is legally bound to perform : the performance of an act by a person who is legally bound to perform the same cannot be consideration for a contract. Similarly, an agreement by a client to pay to his counsel after the latter has been engaged, a certain sum over and above the fee, in the event of success of the case would be void, since it is without consideration

[@pathanaiyubkhanaiyubkhan9620]

Amazing sir🙌💯

[@k.mstudy3347]

A consideration which exists in the performance of an act is executed

[@narjiszahra9406]

The words has done or abstained from doing contained in section 2d are a recognition of the doctrine of past consideration

[@narjiszahra9406]

Consideration must move from promisee or any other person Consideration may be past present or future

[@varunbaisoya5222]

Consideration is an act of doing something

[@jatinbaghai5318]

thanku so much sir , for your efforts

[@Ameysahu]

When at the desire of the promisor, the promisee or any other person has done or abstained from doing anything or to do or to abstains from doing anything or promises to do or abtstains from doing something,such act or abstinance is called consideration of promise

[@narjiszahra9406]

When at the desire of the promisor the promisee or any other person has done or abstain from doing anything or done or abstains from doing anything or promises to do or to abstain from doing something to such act or abstinence or promise is called consideration of the promise

[@narjiszahra9406]

Where a promise in writing signed by the person making it or by his authorised agent is made to pay a debt barred by limitation it is valid without consideration

[@narjiszahra9406]

In the case of assignment of a contract when the benefit under a contract has been asigned the assignee can enforce the contract but such agreement should not involve personal skill

[@Harsh-jain1]

Sir plz marathon KZbin paar daal dena❤

[@Ameysahu]

Principal can enforce the contract entered by his agent,where the agent has acted within the scope of his authority and in the name of the principal

[@narjiszahra9406]

A consideration which consists in a promise it is said to be executory

[@narjiszahra9406]

In yhe case of covenant running with the land the person who purchased land with notice that owner of land us bound by certain duties affecting land the covenant affecting the land may be enforced by the successor of the seller

[@narjiszahra9406]

That stranger to a contract cannot sue a party to contract which is known as doctrine of privity of contract

[@nikitadutta7563]

It is so helpful for us..thank you so much sir

[@Dharmik25]

consideration is an act and cnsideratin is absistence

[@narjiszahra9406]

In case of completed gifts the rule no consideration no contract does not apply

[@NandiniKumari-go8fg]

I am ready to pay for offline marathon but I am unable to attend in Delhi. please provide me a recording of offline marathon in ₹99

[@irfanpatha237]

consideration is abstinence abstain

[@narjiszahra9406]

In the case of certain marriage contacts/arrangements a provision may be made for the benefit of a person, he may file the suit though he is not a party to the agreement

[@Ayush_Varma315]

The principle can enforce the contract entered by agent where the agent has acted within scope of his authority and in the name of principle

[@Ayush_Varma315]

When at the desire of the promisor,the promisee or any other person Has done or abstained for doing or does or abstains form doing or promises to do or abstain from doing something such an act or abstinence or promise is called consideration of promise

[@saileshkumar0827]

A principal can enforce the contract which is entered by his agent where the agent acted within the scope of his authority and in name of the principal

[@naveengarg7369]

CONSIDRATOIN IS MAY MOVE FROM PROMISEE OR ANY OTHER PERSON CONSIDRATION IS PAST PRESENT AND FUTURE CONSIDRATION MUST BE AT THE DESIRE OF THE PROMISOR

[@Focused-bro]

When at the desire of the promisee or any other person had done or abstain from doing or does it abstains from doing something or promises to do it to abstain from doing something, such act, abstinence or promise is known as consideration

[@narjiszahra9406]

Consideration must be at the desire of the promisor

[@naveengarg7369]

A CONSIREATOIN WHICH CONSISTS IN THE PERFORMANCE OF AN ACT IS SAID TO BE EXECUTED CONTRACT

[@amanuniyal7830]

Thank you sir ❤❤❤

[@naveengarg7369]

CONSIDERATION AN ACT DOING SOMETING CONSIDERATION IS ABSTINENCE ABSTAIN FROM DOING SOMETING

[@dop363]

In the case of family settlement can enfore the agreement

[@electra602]

if the terms of the settlements are reduced into writing ,the members who were not originally part of the contract may enforce the agreements

[@marathigirlvlogs976]

A consideration which consists in performance of an act said to be executed

[@AyushsinghCACSaspirant1912]

Once again revise done

[@Prafful-fv7fb]

when at the desire of the promisor the promisee or any other person has done or abstained from doing or does or abstains from doing,promises to do or abstain from doing such act or abstained is called considetation

[@Harsh-jain1]

Thankyou sir too much for this

[@Pardeep.00000]

Performance of what one is legally Bound to perform

[@electra602]

the principle can oppose the contract made by the agent. as the agent has acted within the scope of his authority and in the name of the principle

[@saileshkumar0827]

Consideration is an act and consideration ia an abistenece

[@narjiszahra9406]

Consideration need not to be of any particular value

[@dop363]

Where the promisor by his condut acknowledge Himself as an agent of the third party

[@Vishnuji2006]

In the case of covenant running with the land

[@khushitripathi8688]

When at the desire of promisior , the promisee or any other person , has done or abstained from doing , or does or abstains from doing, or promises to do or abstain from doing anything, such act or abstinence or promise is called consideration

[@khushitripathi8688]

1 .Consideration is an act - doing something . 2. Consideration is abstinence - abstain from doing something . 3. Consideration must be at the desire of promisior. 4. Consideration may move from promisee or any other person . Consideration may be past , present and future.

[@khushitripathi8688]

Leagal rules regarding valid consideration- 1. Consideration must move be at the desire of promisor - the consideration may proceed from promisee or any third person at the desire or request of promisor. An act done at the desire of third party can not be considered as consideration. 2. Consideration may move from promisee or any third party - Consideration may move from promisee or any third person who is not party to a contract. 2.

[@narjiszahra9406]

In the case of trust a beneficiary can enforce his right under the trust though he was not a party' to the contract between the settler and the trustee

[@imVkohli.]

Sir ye hume same to same likhna h ya apna bna k likh skte h heading k andar

[@Ameysahu]

A consideration which consists in the performance of the act is said to be executed

[@arpitchaudhary1388]

the principal can enforce the contract where the contract tis entered into by the agent of the principal where the agent has actedwithin the scope of his authority and in the name of the principal

[@Pardeep.00000]

Consideration must be real not illusory

[@irfanpatha237]

consideration may move from promisee or any othr person

[@narjiszahra9406]

Acknowledgment and estoppel where the promisorby his conduct acknowledges himself as an agent of the third oarty ut would result into a binding obligation towards third party

[@irfanpatha237]

consin can be past , present , future

[@narjiszahra9406]

But in the event of the services being rendered in the past at the request or the desire of the promisor, the subsequent promise is registered as an admission that the past consideration was not gratuitous

[@Vishnuji2006]

In the case of a assignment of a contract

[@electra602]

consideration must be real and not illusinory

[@rahul1810]

sir marathon ki full ditails par video bana dijiy jisme sab kuch like all types of expenses

[@narjiszahra9406]

But as sn exception if it is shockingly less and the other party alleges that his consent was not free than this inadequate consideration can be taken as an evidence in support of this allegation

[@BhushanSharma-of5hs]

sir we miss your classes too much 😢😢😢😢

[@shikhajha6985]

In the case of assignment of a contract

[@Priyanshuupathak]

Nice lecture sir 🔥

[@Fut.caparthpatel03]

Alternative days main revision class kr de jiye na hum keywords high light kr lenge or for pura 1.5 month revise kr lenge

[@shyam_swami12]

thanks guri sir 👍👍👍👍

[@irfanpatha237]

consideration must be atth desire of the promisor

[@narjiszahra9406]

No consideration is required to affect the contract of bailment

[@JanhaviAgrahari]

Sir plzzz writing session m module ka ica 1872 unit 2 questions 1 to form a valid contact, consideration must be adequate iska answer likh k dikha do bhut confusion hora h

[@rishavkumar8231]

Sir kya video bnao ho mja aagya

[@Nandini_marne143]

we love you sir ❤

[@AbhishekManglani]

Sir maza aagya ❤❤❤❤

[@irfanpatha237]

consideration is an act