Question: According to Contracts Act 1950 Section-26 An agreement without consideration is void. Based on the above provision, discuss the consideration as one of the elements

According to Contracts Act 1950 Section-26 "An agreement without consideration is void".
Based on the above provision, discuss the consideration as one of the elements of a valid Contract under Malaysian law. By referring to the statute and decided cases, compare the position of consideration under Malaysian law with English law.

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Consideration is something which signifies either some value to the individual promisingor some loss to the individual who is subject to the promise or both Consideration is vital to any contract form... View full answer

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