DOCTRINE OF CONSIDERATION: RELEVANCE IN MODERN INDIAN CONTRACTS

Abstract

The doctrine of consideration is one of the sources of contract law, especially as hearable in the Indian context, determining the validity and enforceability of contracts (Singh et al., 2024). In its turn, consideration symbolizes quid pro quo, the form of something to give and something to obtain that can enhance the otherwise unenforceable promise into an enforceable contract (Yale, 2016). This chapter explores the complex applicability of the doctrine of consideration in current Indian contracts, creating a historical basis in its modern cases and the subsequent application to commercial dealings and legal controversy. The impact of the doctrine goes beyond the speculative considerations, significantly influencing the way in which the cases of contracts are ruled and the way in which the meaning of the contract law has been understood (Saprai, 2017). History of the contraction law shows that the importance of offer, acceptance, consideration, undue influence and remedies, as essential elements offers structural frameworks on how to understand contractual programs (Wall, 2000). Consideration, therefore, requires an in-depth study to any legal practitioner, academic and any party engaging in business in India.