Section 139 Contract Act Explained: Consideration must be of some value | Nyaya

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What does Section 139 of Contract Act say?

According to Section 139 of the Indian Contract Act, 1872, 'the consideration must be of some value, though it may be of little value.' The consideration must be of some value, though it may be of little value. The Supreme Court in the case of M/s. Shakti Bhog Foods Ltd. v. Kola VC, (2005) 1 SCC 631, held that the consideration must be real and not illusory.

Indian StandardSection 139, Indian Contract Act, 1872

Bluebook (21st ed.)Indian Contract Act, 1872, § 139 (India)

Court Pleading StandardSection 139 of the Indian Contract Act, 1872

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

Common Questions about Section 139 Contract Act

What is Section 139 of Contract Act?

Section 139 of the Indian Contract Act, 1872 (Contract Act) defines and regulates "Consideration must be of some value". The section states: According to Section 139 of the Indian Contract Act, 1872, 'the consideration must be of some value, though it may be of little value.' The consideration must be of some value, tho...

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