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 CPT Chapter Consideration

CA CPT Exam  

With Bharat Galani.Duration:3hrs 18mins

ConsiderationDuration (min:sec)
Consideration 
Introduction03:00
Consideration Definition22:06
What is Consideration?01:18
Requirement for consideration02:43
Desire of Promisor03:59
Move from Promisee or Third Person04:29
Executed, Executory and Past Consideration09:26
Must be real and competent03:55
Must not be illegal, immoral or Opposed to PP10:01
Adequacy of consideration04:31
Not be what legally bound to perform04:28
Summary Requirement of Consideration(MP TRAIL)01:01
Positive and Negative Consideration05:09
Third Party Involvement 
What is Third Party Involvement?04:41
Privity of Contract and Exceptions09:03
Family Settlement HUF06:11
Assignment & Beneficiary06:25
Covenant of Land10:30
Estoppel04:34
Agency05:25
Summary of Exception(FAB LEAF)01:31
No Consideration No Agreement 
No Consideration No Agreement it's Exceptions02:12
Natural Love and Affection05:08
Charity02:46
Compensation for past Voluntary services07:52
Promise to pay time barred debt08:54
Bailment09:37
Agency02:31
Completed Gift01:33
Summary No Consideration No Agreement (L CPT BAG)00:48
Conclusion04:30
Quiz27:59
Total3:18:16

Notes

Consideration
Other Essential elements of a valid contract
Performance of Contract
Breach of Contract
Contingent & Quasi Contract

Overview
What is consideration?
Requirements of consideration
Third Party involvement
Agreement without consideration

What is consideration?
Section 2(d) “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”

Requirements of Consideration
M Consideration must move at the desire of the Promisor
P Consideration may move from Promisee or any other person (Third Party)


Executed and Executory Consideration
Past Consideration
R Consideration must be real and competent
I Consideration must not be unlawful, immoral, or opposed to public policy
A Adequacy of Consideration
L Performance of what one is legally bound to perform

Exception to DOCTRINE OF PRIVITY OF CONTRACT
F Family Settlement
A Assignment of Contract
B Beneficiary
L Covenant on Land
E Estoppel
A Agent
F Female During Partition HUF


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