It is the presence of consideration which distinguishes a contract from a bare agreement. In fact the doctrine of consideration has been incorporated in Section 25 of the Indian Contract Act. Section 2(d) of the Act reads : " When at the desire of the promisor ‚ the promisee or any other person has done or abstained from doing or promised to do or abstain from doing anything ‚ such act or abstinance or promise is called a consideration for the promise." The doctrine of course has its roots in the
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1.0 Introduction 1.1 Consideration Consideration is also known as element of exchange. To be a contract‚ the transaction must be supported by consideration. According to general rule‚ s. 26 of CA state that an agreement made without consideration is void. We can define consideration as the price paid for benefit received or is an exchange of promises. It means that something with monetary value‚ voluntarily exchanged for an act‚ benefit‚ forbearance‚ interest‚ promise‚ right‚ or goods or services
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the Freedom Forum The Internet Policy Institute The Internet Policy Institute (IPI) is the nation’s first independent‚ nonprofit research and educational institute created exclusively to provide objective‚ high-quality analysis and outreach on economic‚ social and policy issues affecting and affected by the global development and use of the Internet. IPI is nonpartisan and does not lobby or otherwise actively advocate or represent the interests of businesses‚ associations‚ policy makers or others
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NATURAL RESOURCE AND ENVIRONMENTAL ECONOMICS (3rd Edition) Perman‚ Ma‚ McGilvray and Common SUGGESTED ANSWERS Answers to Questions in Chapter 6 Discussion questions 1 ‘Only the highest standards of environmental purity will do.’ Discuss. The opinion expressed here is not regarded by economists as being valid in general. It suggests that resources should be devoted without limit to cleaning up (or preventing) environmental pollution or degradation‚ irrespective of the magnitude of
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Wireless communication protocols have evolved rapidly since the introduction of 802.11 Legacy over a decade ago. Over the last 10 years we have seen efficiency and performance increases on all fronts‚ which have lead to greater range and faster transfer speeds. With Legacy 802.11 protocols‚ speeds maxed out at around 2 Mbits/sec and indoor range was only about 20 meters. In 1999‚ the 802.11 protocol got a couple of amendments in the form of 802.11a and 802.11b. Both offered higher speeds and slightly
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Chapter 8 29. The travel-to-work time for residents of the 15 largest cities in the United States is reported in the 2003 Information Please Almanac. Suppose that a preliminary simple random sample of residents of San Francisco is used to develop a planning value of 6.25 minutes for the population standard deviation. If we want to estimate the population mean travel-to-work time for San Francisco residents with a margin of error of 2 minutes‚ what sample size should be used? Assume 95% confidence
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C. Jarv Consideration of Animal Rights Peter Singer’s Theory of equal consideration for animals means that animals should be equal rights with respect to their particular interests. If a bird’s interest is to lay eggs‚ nest‚ fly and eat. It should be left to those interests. Different animals species have different interests. Implications of this would be an animal would not work a farm‚ be used in research‚ be served on the dinner table or any other activity that might remove it from
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Wireless LAN Products Wireless LAN Compliance Status Last updated: December 8‚ 2011 This page lists the Wireless LAN products and the specific countries each product is currently certified in for order and shipment. If there is not an “X” in the matrix box that corresponds to the country and product‚ then that product is not certified to ship to this country. Please take note of the Country SKU Suffix in the column adjacent to your country. You will need this specific SKU Suffix to ensure you order
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ELECTRICITY CONSERVATION The development of any state depends to a large extent on availability and usage of electricity. Haryana is one of the fastest growing States of India. Major input in its developmental growth is electricity. Though Haryana Power Sector has been making all out efforts to increase installed capacity of generation successfully‚ however‚ the pace of development has been faster. Consequently‚ the State is facing a gap between demand and availability. Conservation of electricity
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of the Addition of Wireless Technology at Riordan The management of Riordan Manufacturing has requested an analysis of adding wireless technology to the existing wide area network (WAN). The organization’s goal in considering wireless technology is to keep the network current while controlling costs. The purpose of this document is to provide a basic understanding of wireless technology and outline what the organization must consider in determining the viability of wireless within the organization
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