Indian Contract Act, 1872

Section 140

Consideration may be in the form of a promise

⚡ Quick Answer Reference: Section 140 Contract Act

Provision: Section 140 of Contract Act
Act: Indian Contract Act, 1872
Classification: contract
Jurisdiction: India

Statutory Content

What does Section 140 of Contract Act say?

Section 140 of the Indian Contract Act, 1872, states that 'the consideration may be in the form of a promise.' The consideration may be in the form of a promise. The court in the case of Ram Chandra v. Jagdishwar, (1993) 2 SCC 22, held that a promise to do something is a valid consideration.

Indian StandardSection 140, Indian Contract Act, 1872

Bluebook (21st ed.)Indian Contract Act, 1872, § 140 (India)

Court Pleading StandardSection 140 of the Indian Contract Act, 1872

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

Common Questions about Section 140 Contract Act

What is Section 140 of Contract Act?

Section 140 of the Indian Contract Act, 1872 (Contract Act) defines and regulates "Consideration may be in the form of a promise". The section states: Section 140 of the Indian Contract Act, 1872, states that 'the consideration may be in the form of a promise.' The consideration may be in the form of a promise. The court in the c...

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