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Submitted to :
MS. ANJELIKA HASAN
Assistant Professor
Department of Law , Green University of
Bangladesh
Submitted by :
Ariful Islam
ID: 223011020
Department of law, Green University of
Bangladesh
2. ONE OF THE ESSENTIAL ELEMENTS
A NUDE CONTRACT – VOID
SOMETHING – IN RETURN
S. (d) 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.
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3. 1. IT MUST MOVE AT THE DESIRE OF THE
PROMISOR
2. IT MAY MOVE FROM THE PROMISEE OR ANY
OTHER PERSON
3. IT MAY BE AN ACT, ABSTINENCE OR
FORBEARANCE OR A RETURN PROMISE
4. IT MAY BE PAST, PRESENT OR FUTURE
5. IT NEED NOT BE ADEQUATE
6. IT MUST BE REAL AND NOT ILLUSORY
7. IT MUST BE STH. WHICH THE PROMISOR IS NOT
ALREADY BOUND TO DO
8. IT MUST NOT BE ILLEGAL, IMMORAL OR
OPPOSED TO PUBLIC POLICY
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4. PRIVITY OF CONTRACT
◦ A PERSON NOT A PARTY CANNOT SUE
◦ CONTRACT CANNOT CONFER RIGHTS AND
OBLIGATIONS ON NON-PARTNERS
EXCEPTION:
◦ TRUST OR CHARGE
◦ MARRIAGE SETTLEMENT, PARTITION OR OTHER
FAMILY ARRANGEMENTS
◦ ACKNOWLEDGEMENT OR ESTOPPEL
◦ ASSIGNMENT OF A CONTRACT
◦ CONTRACTS ENTERED INTO THROUGH AN AGENT
◦ COVENANTS RUNNING WITH THE LAND
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6. LOVE AND AFFECTION
COMPENSATION FOR VOLUNTARY SERVICES
PROMISE TO PAY A TIME-BARRED DEBT
COMPLETED GIFT
AGENCY
CHARITABLE SUBSCRIPTION – PROMISEE
ACTED TO HIS DETRIMENT
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