Indian Contract Act, 1872

Section 137

Consideration may be given by the promisee or any other person

⚡ Quick Answer Reference: Section 137 Contract Act

Provision: Section 137 of Contract Act
Act: Indian Contract Act, 1872
Classification: contract
Jurisdiction: India

Statutory Content

What does Section 137 of Contract Act say?

According to Section 137 of the Indian Contract Act, 1872, 'the consideration may be given by the promisee or by any other person.' The consideration may be given by the promisee or by any other person. The Supreme Court in the case of M/s. Kesoram Industries & Cotton Mills Ltd. v. Commissioner of Wealth Tax, (1995) 2 SCC 131, held that the consideration may be given by a third party.

Indian StandardSection 137, Indian Contract Act, 1872

Bluebook (21st ed.)Indian Contract Act, 1872, § 137 (India)

Court Pleading StandardSection 137 of the Indian Contract Act, 1872

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Source: Gazette of India (Official Publication)Verify egazette.gov.in ↗

Common Questions about Section 137 Contract Act

What is Section 137 of Contract Act?

Section 137 of the Indian Contract Act, 1872 (Contract Act) defines and regulates "Consideration may be given by the promisee or any other person". The section states: According to Section 137 of the Indian Contract Act, 1872, 'the consideration may be given by the promisee or by any other person.' The consideration may be given by the promisee o...

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