Discuss what constitute lawful Consideration and lawful objects under the Indian Contract Act, 1872 along with the case law: Carlill vs. carbolic Smoke Ball Company.

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Under the Indian Contract Act, 1872, consideration and object are the two most essential components of a contract. Lawful consideration refers to a promise made by one party to the other in exchange for a benefit received, while lawful object refers to the purpose or objective of the contract. Both consideration and object must be lawful in order for a contract to be valid.

Lawful Consideration:

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Degree : CERTIFICATE PROGRAMME
Course Name : Certificate in Co-operation, Co-operative Law & Business Laws
Course Code : CCLBL
Subject Name : Business Law as applicable to Cooperatives – I
Subject Code : BLE 13
Year : 2023