(‘Object’ and ‘Consideration’ usually overlap. However, there may be difference at times e.g., object may be to kill competition and for that purpose in view, a senior manager of the competitor may be paid a certain amount to give unrealistically high quotation .)
Comparing ‘offer’ to a ‘train of gunpowder’ and ‘acceptance’ to a ‘lighted match stick’ – How far correct?
William Anson’s observation though valid in the English context doesn’t hold good in India since in India acceptance is revocable.
Claim for Damages Damages U/S Section 73 Damages U/S Section 74 Only damages naturally flowing From breach (Ordinary Damages) Special Damages (No claim for consequential loss unless in the Contemplation of the parties ( Hedley v. Baxendale Exemplary Damages Nominal Damages Pre-fixed Damages Penalty Liquidated Damages (What can be recovered is actual loss or amount prefixed, whichever is less)