Pronote -- Past consideration is valid consideration to hold that the document has been executed for consideration...........
Pronote -- Consideration - Can be either past or present or even future...........
Negotiable Instruments Act, 1881, Section 118(a) -- Pronote - Consideration -Presumption - Initially plaintiff asserting cash consideration - Subsequently asserting past consideration - Both pleas denied - Burden to prove consideration is on the plaintiff due to change of stands - No proof of existence of past consideration - Consideration for suit pronote not supported on..........
Negotiable Instruments Act, 1881, Section 138 -- Cheque given as advance payment - Consideration can be past, present or future - If a cheque is given for future consideration it would be for valid consideration and in discharge of legal debts and liabilities and the consideration cannot be said as unlawful...........
Pronote -- Consideration - Past consideration is a good consideration. (Contract Act, 1872, S.2(d)...........
Transfer of Property Act, 1882, Section 122 -- Gift - Validity - `Consideration' - Means a reasonable, equivalent or other valuation benefit - Personal services rendered in past and promised for future - Not `Consideration' - These are only `Motive' for execution of gift deed...........
Bank Loan -- Principal debtor a defaulter - At the instance of principal debtor, wife agreed to give collateral security - Held, past consideration or the consideration towards third person is good consideration in view of S.2(d) & S.127 Contract Act. (Contract Act, 1872, S.2(d, 127)..........
Specific Relief Act, 1963, Section 16 -- Requirement that plaintiff ready and willing to perform his part of contract i. e. to plead and prove that money at disposal to pay sale consideration and that he tendered money on a particular date and demanded transfer of property by instrument- No opportunity made available to plaintiff to tender amount of consideration besides..........
Punjab Municipal Act, 1911, Section 20(1) -- Non-approval of election of President of Municipal Committee on the grounds : (i) removal as President earlier by Government, and (ii) past mis-conduct or mis-behaviour as President of Committee - Competent - Government entitled to take into consideration extent and gravity of mis-conduct besides all other relevant factors -..........
Motor Vehicles Act, 1988, Section 166 -- Accident - Compensation - Future prospects - In the wake of changed societal conditions and global scenario, future prospects may have to be taken into consideration not only having regard to the status of the employee, his educational qualification; his past performance but also other relevant factors, namely - the higher salaries..........
