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<h1>Consideration under Section 2(d) requires promisee to perform, abstain, or promise act as equivalent return for agreement</h1> Consideration is defined as something legally regarded as equivalent return given by one party for another's act or promise. It represents the reason or inducement motivating a person to bind themselves through agreement. Under Section 2(d) of the Indian Contract Act, consideration occurs when the promisee or another person, at the promisor's desire, performs, abstains from performing, or promises to perform or abstain from performing some act. This act, abstinence, or promise constitutes consideration for the agreement, forming the legal basis for contractual obligations.
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