“To form a valid contract, consideration must be adequate”. Comment.

Shaan · 27 Jun 2024

Consideration need not be adequate to constitute a valid contract. It need not be equal to the value for which it is to be exchanged, but it must be something which law would consider having some value. Exception - if consideration is shocking/very less and the party to contract alleges that his concent is not free, then this inadequate consideration can be taken as evidence in the suit in favour of the party alleging the same....

Gourank · 27 Jun 2024

No consideration may be inadequate then also contract is valid but if the contract is made uder pressure or foce then the contract became void also in the case of inadequate

Mansi · 27 Jun 2024

Consideration need not to be adequate but it should be real