Consideration is an origin of any promise made to anyone, when a person makes a promise to another he does so in respect of deriving some benefit or return for his promise which another is competent to bestowing on him. This is called consideration. It is part of the contract law simply exchange of one thing of value for another thing. In the contract law, consideration is being considered so significant for the validity of an agreement that the absence of consideration make the contract invalid. Consideration is one of the six elements of contract which is required in case of a valid contract. The doctrine of consideration has been developed by the common law.
Monthly Archives: January 2019
Starting an online venture these days is super easy. There are many inexpensive or free open source platforms for eCommerce store development.And, with the right development team, you are just one step away from getting your own website. Starting a home-based shop to trade your handicraft items, or other locally sourced products is a great idea as a startup. Starting an online business is trouble-free with ample of flexible open source and inexpensive eCommerce platforms available. The only secret of success is not to stop halfway but go on expanding product categories and store’s features to convert from a small startup to a leading online business.