Singapore legislation
Regulation 12
Regulation 12
Consideration
Subregulation 1
Where consideration is expressed in an instrument to have been paid to any party, the execution of the instrument by that party shall imply an acknowledgment by him of the receipt of such consideration.
Subregulation 2
Where an approved form expresses the consideration for a transaction in a particular manner, the expression of consideration in any other manner or the omission to express any consideration at all shall not constitute a substantial departure from the approved form.