CPT Chapter Consideration

CA CPT Exam  

With Bharat Galani.Duration:3hrs 18mins

Consideration Duration (min:sec)
Consideration  
{modal https://www.youtube.com/embed/4uzmqhRUW38?autoplay=1;rel=0|width=780|height=439|title=Introduction}Introduction{/modal} 03:00
{modal https://www.youtube.com/embed/LFBoHbLX7Wg?autoplay=1;rel=0|width=780|height=439|title=Consideration Definition}Consideration Definition{/modal} 22:06
{modal https://www.youtube.com/embed/XDXkxsxeCdE?autoplay=1;rel=0|width=780|height=439|title=What is Consideration?}What is Consideration?{/modal} 01:18
{modal https://www.youtube.com/embed/WTrmRighnic?autoplay=1;rel=0|width=780|height=439|title=Requirement for consideration}Requirement for consideration{/modal} 02:43
{modal https://www.youtube.com/embed/x6rXgA5tkVw?autoplay=1;rel=0|width=780|height=439|title=Desire of Promisor}Desire of Promisor{/modal} 03:59
{modal https://www.youtube.com/embed/cmlySjqY2T0?autoplay=1;rel=0|width=780|height=439|title=Move from Promisee or Third Person}Move from Promisee or Third Person{/modal} 04:29
{modal https://www.youtube.com/embed/OdUcXSnv6yE?autoplay=1;rel=0|width=780|height=439|title=Executed, Executory and Past Consideration}Executed, Executory and Past Consideration{/modal} 09:26
{modal https://www.youtube.com/embed/Dw0F3ONfd3g?autoplay=1;rel=0|width=780|height=439|title=Must be real and competent}Must be real and competent{/modal} 03:55
{modal https://www.youtube.com/embed/uphou41DhrY?autoplay=1;rel=0|width=780|height=439|title=Must not be illegal, immoral or Opposed to PP}Must not be illegal, immoral or Opposed to PP{/modal} 10:01
{modal https://www.youtube.com/embed/B-siVp5Ppjs?autoplay=1;rel=0|width=780|height=439|title=Adequacy of consideration}Adequacy of consideration{/modal} 04:31
{modal https://www.youtube.com/embed/ENG8AMNM1XA?autoplay=1;rel=0|width=780|height=439|title=Not be what legally bound to perform}Not be what legally bound to perform{/modal} 04:28
{modal https://www.youtube.com/embed/edASAYI2bxk?autoplay=1;rel=0|width=780|height=439|title=Summary Requirement of Consideration(MP TRAIL)}Summary Requirement of Consideration(MP TRAIL){/modal} 01:01
{modal https://www.youtube.com/embed/1hh3mLiVf3k?autoplay=1;rel=0|width=780|height=439|title=Positive and Negative Consideration}Positive and Negative Consideration{/modal} 05:09
Third Party Involvement  
{modal https://www.youtube.com/embed/bwlzeZxhKjE?autoplay=1;rel=0|width=780|height=439|title=What is Third Party Involvement?}What is Third Party Involvement?{/modal} 04:41
{modal https://www.youtube.com/embed/IXoO9YLBvdM?autoplay=1;rel=0|width=780|height=439|title=Privity of Contract and Exceptions}Privity of Contract and Exceptions{/modal} 09:03
{modal https://www.youtube.com/embed/v83wUw7C1X8?autoplay=1;rel=0|width=780|height=439|title=Family Settlement HUF}Family Settlement HUF{/modal} 06:11
{modal https://www.youtube.com/embed/rYLf4w_KQss?autoplay=1;rel=0|width=780|height=439|title=Assignment & Beneficiary}Assignment & Beneficiary{/modal} 06:25
{modal https://www.youtube.com/embed/n5kFuK4vkZE?autoplay=1;rel=0|width=780|height=439|title=Covenant of Land}Covenant of Land{/modal} 10:30
{modal https://www.youtube.com/embed/Iy4Utsof8L8?autoplay=1;rel=0|width=780|height=439|title=Estoppel}Estoppel{/modal} 04:34
{modal https://www.youtube.com/embed/HSHkrtKBduU?autoplay=1;rel=0|width=780|height=439|title=Agency}Agency{/modal} 05:25
{modal https://www.youtube.com/embed/bSAo0_UET5M?autoplay=1;rel=0|width=780|height=439|title=Summary of Exception(FAB LEAF)}Summary of Exception(FAB LEAF){/modal} 01:31
No Consideration No Agreement  
{modal https://www.youtube.com/embed/oN0uLgckvkQ?autoplay=1;rel=0|width=780|height=439|title=No Consideration No Agreement it's Exceptions}No Consideration No Agreement it's Exceptions{/modal} 02:12
{modal https://www.youtube.com/embed/fF_zrXvpDA0?autoplay=1;rel=0|width=780|height=439|title=Natural Love and Affection}Natural Love and Affection{/modal} 05:08
{modal https://www.youtube.com/embed/GNGRw85TI8k?autoplay=1;rel=0|width=780|height=439|title=Charity}Charity{/modal} 02:46
{modal https://www.youtube.com/embed/XEhDpyIbzp0?autoplay=1;rel=0|width=780|height=439|title=Compensation for past Voluntary services}Compensation for past Voluntary services{/modal} 07:52
{modal https://www.youtube.com/embed/9qucNgPcJQ8?autoplay=1;rel=0|width=780|height=439|title=Promise to pay time barred debt}Promise to pay time barred debt{/modal} 08:54
{modal https://www.youtube.com/embed/LudFqgeqVkU?autoplay=1;rel=0|width=780|height=439|title=Bailment}Bailment{/modal} 09:37
{modal https://www.youtube.com/embed/USkINp59mng?autoplay=1;rel=0|width=780|height=439|title=Agency}Agency{/modal} 02:31
{modal https://www.youtube.com/embed/n5vNg5kz-EA?autoplay=1;rel=0|width=780|height=439|title=Completed Gift}Completed Gift{/modal} 01:33
{modal https://www.youtube.com/embed/xB1-frjkobc?autoplay=1;rel=0|width=780|height=439|title=Summary No Consideration No Agreement (L CPT BAG)}Summary No Consideration No Agreement (L CPT BAG){/modal} 00:48
{modal https://www.youtube.com/embed/Iza5NbRRCtc?autoplay=1;rel=0|width=780|height=439|title=Conclusion}Conclusion{/modal} 04:30
{modal https://www.youtube.com/embed/w3JoBEXMqnI ?autoplay=1;rel=0|width=780|height=439|title=Quiz}Quiz{/modal} 27:59
Total 3:18:16

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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