Abstract
This paper shows that normally a consideration is must in all contracts. In the matter of sale and purchase and under all commercial or corporate affairs, the price is the consideration for the purchase of any goods. Where a party who is to receive the price of the goods delivers the goods to the purchaser and discharges him from liability in respect of the price, such discharge is full and complete. Later on, the seller has got no right to allege any condition annexed to the discharge of payment of price thereof. The paper also indicates that this legal maxim is close to the law of estoppel.
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