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Positive and Negative Consideration

Section 2(d) of Indian Contract Act 1872 defines consideration as  "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 or promises to do or abstain from doing something, such an act or abstinence or promise is called consideration for the promise"

Positive Consideration is :

  1. Gain from Contract
  2. Benefit from Contract
  3. What you get from a contract

Negative Consideration is :

  1. Loss from Contract
  2. Disadvantage from Contract
  3. Detriment from a contract

 

Positive and negative consideration from meraskill
 

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