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According to Indian Law, ‘Consideration’ may be past, present or future which the promisor is already bound to deliver.

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The CMA Foundation exam syllabus includes the following topics under the Fundamentals of Business Laws and Business Communication (FBLC) paper:
Indian Contract Act, 1872
Sale of Goods Act, 1930
Negotiable Instruments Act, 1881

Section A: Introduction, sources of law, legislative process in India, legal methods and court system in India 
 


According to Indian Law, ‘Consideration’ may be past, present or future which the promisor is already bound to deliver.






 
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