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

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