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Business Regulatory Framework by Purnakam Dash

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10

Legality of the Object and Consideration

CHAPTER OBJECTIVES

After carefully reading this chapter, you will be able:

  • To identify cases where the object and the consideration are unlawful.
  • To get a clear idea about, agreements against public policy.
  • To explain the meaning of certain key-terms like champerty, maintenance, and course of justice. etc.
  • To identify cases where the object and consideration are unlawful in part.

In order to be valid as a contract, an agreement must possess a lawful consideration and a lawful object. Object of an agreement means the purpose for which the agreement has been made, and consideration means what the parties get for their promises. In some cases, the consideration for an agreement may be lawful, but ...

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