Chinnaya vs Ramayya Case Study: Consideration in Indian Contract Act, 1872
(Explained by Rishabh Gaur Sir, IGP CA Foundation Faculty) Introduction: Understanding Consideration When two people enter into a contract, there is always an exchange —"Main aapke liye kuchh karunga, aap mere liye kuchh karenge." "I’ll do something for you, and you’ll do something for me." There is an offer, then a consideration is demanded, and finally acceptance happens.Thus,...