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1)Sir I was asking because of my conceptual understanding that the closing of mill was a general loss or was it a special loss?
2) Consideration must pass from both parties na i.e promisor and promisee?
1) That I understand
What I don’t understand is why you are wasting your time on something that has no chance in my lifetime of ever being appropriate as an answer to an F4 question!
2) Yes … with very rare exceptions such as in a specialty contract where two-way consideration is not necessary
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