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According to section 2(d) of India contract Act, 1872, “When at the desire of the promisor, the promise or any other person has done or abstained from doing, or does or abstain from doing or promises to do or abstain from doing something, such act or abstinence or promise is called a consideration for the promise.”

In other words, consideration is the price for which the promise of the other party is bought. Thus, for a valid contract there should be “quid pro quo”, i.e., “something in return”. This means when a party to an agreement promises to do something, he must get something in return. This something may be some benefit, right, interest or profit that may accrue to one party or it may be some forbearance, detriment, loss or responsibility suffered or undertaken by the other party.


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