Quid pro quo
| Literal meaning | Something for something |
|---|---|
| Pronunciation | kwid proh kwoh |
In a contract each party gives something in return for what they receive. This exchange is called consideration.
Example
A agrees to paint B's house and B agrees to pay Rs 10,000. The painting and the money are the quid pro quo.
Case laws
- Currie v. Misa (1875), England: consideration is some right, interest, profit or benefit to one party, or some loss or responsibility given by the other.
Statutory link
Section 2(d) of the Indian Contract Act, 1872 defines consideration.
Exam tip
Asked as consideration in contract.
Memory trick
You give, I give.
Key takeaway
A contract rests on a give-and-take exchange.
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