"No consideration,No contract" Explain with exception.
- 7 Answers
- 111298 Views
- I also Faced
- E-Mail Answers
Answer Posted / sebastian
Exceptions to the rule that “No consideration – No contract”
Section 25 declares that `an agreement made without
consideration is void'. It means that consideration is a
must in all cases. Exceptions to the rule are:
• written and registered agreement out of natural
love and affection between the parties;
• promise to compensate a person who has voluntarily
done something for the promisor;
• promise to pay time-barred debt;
• completed gift;
• creation of agency
| Is This Answer Correct ? | 239 Yes | 30 No |
Post New Answer View All Answers
Have you been involved either paid or unpaid with the services of the voluntary sector?
IF COMPANY DENY GIVEN GRATUITY TO EMPOLYEE THAN EMPLOYEE THAN EMPLOYEE ANY WAY TO COLLECT GRATUITY ?
Hello this topic is on: Trademark(passing) 1) What is the sigificance of deception in misrepresentation under passing off? 2) What is the concept of 'moron in a hurry'? 3) What does damage to goodwill means? Thanks:)
Diffrent sportsmen are endorsing diffrent products and they have endorsement agreements for this. Now at what rate the tds should be deducted by the company on the amount of payments msde to sportspersons for endoresements?
what is the procedure for changes in director's details of company ??.is form 32 appropriate for that .??
Are the Sub-contractors are exempted from paying of Service tax where main contractor is exempted.
what is the differenc pvt ltd company & limited company how identfy them?
Hi i am a canadian my wife has PR card but wife can't speak english properly.i am thinking to go us for visit with my wife.my qus.is can i go to embassy with her when she got the interview date? Thank you.
if we recive Purchase order of Contract of Supply of material & labour so how can we invoice our bill.
Please give an example solutions of Professional Tax Calculations?
I have form16 of the year 2007-08 & 2008-09(INCOME LESS THAN 4.5 LAKH).Do not have form16 of 2009-10.shall I get non-creamy layer certificate
who is the first law officer of government of india ?
It's raining and have forgotten your umbrella, so you shelter in an unlocked car. Are you guilty of the offence of allowing yourself to be carried in a conveyance without the owner's consent?
Should the law restrict our freedom of speech?
What is difference between India and Hindustan according to law and geography.
