Law Of India Wikipedia

A reward is a voluntary and gratuitous switch of property with out something of worth promised in return. For instance, in a subscription-based service, the user’s cost or dedication to pay is the consideration, while the service supplied is the consideration from the supplier. The courts’ interpretation of what constitutes consideration has expanded over Law news time, accommodating varied forms of non-monetary and intangible exchanges. Under the reduce price concept, consideration is seen as the value for the promise of the other party. This perspective underscores the reciprocity inherent in contractual agreements – see Stilk v Myrick.