"No consideration,No contract" .Discuss consideration in
light of this phrase.
Answers were Sorted based on User's Feedback
Answer / shahid sagar
‘No consideration, no contract’. Discuss consideration in light of this phrase.
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 ? | 3 Yes | 1 No |
Answer / natasha
Check this article also for some more information about no consideration no contract exceptions, To know more just follow the link because i am unable to write that long answer here
http://bit.ly/2j8cdpO
| Is This Answer Correct ? | 0 Yes | 0 No |
Howmany members are there in security council ?
WHICH INCOME TO SHOWN UNDER THE HUF HEAD FOR INCOME TAX PURPOSE AND HOW TO CREATE HUF
THE SAFFRON COLOR IN OUR NATIONAL FLAG SYMBOLIZES? A)PURITY B)PROSPERITY C)SACRIFICE& COURAGE
Difference between insurance contract and general contract?
Does Base amount for TDS calculation includes the Discount given ? Means if I have a payment of Rs.1000 and i gave discount of 1% (Rs. 10) , Do i need to calculate TDS on Rs. 990 or Rs. 1000 ?
ghghb
How did you first become interested in a career in law?
Which laws could we introduce to curb the obesity epidemic?
whether non payment of due leave is unauhorised deduction from wages or not?
what is the formula for working year calculation in the time of gratuity calculation. if any worker worked 30 years, but during the 30 years he has not worked 3 years, then how many years taken at the time of gratuity calculation.
"Where there is a right, there is remedy" Explain this reference to breach of contract.
who prepaired the draft of Indian constitution?
Law AllOther (806)