1.

Legal Principle : 'When, at the desire of the promisor, the promisee or, any other person has done or abstained from doing, or does or abstains from doing, or promises to do or to abstain from doing, something, such act or abstinence or promise, is called a consideration for the promise'. Factual Situation : A doctor gave up his lucrative practice in the city and served as manager of an ashram at the Ashram’s request in lieu of which the manager of the ashram subsequently promised a monthly remuneration. Issue : What is the nature of contract? Decision :

A. There was a valid contract as there is a good consideration.
B. Such vague promises do not result into contract.
C. Contract is voidable at the option of land owner.
D. Contract is void ab intio
Answer» B. Such vague promises do not result into contract.


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