धारा 132

Section 132 of the Indian Contract Act, 1872, states that 'the consideration need not be adequate, but it must be something which the promisor desires.' This means that the consideration must be something of value to the promisor, but it need not be of equal value to the promise. The consideration may be a benefit to the promisor or a detriment to the promisee. The court in the case of Currie v. Misa, (1875) LR 10 Ex 153, held that the adequacy of consideration is not a necessary element of a contract, but the consideration must be real and not illusory.