Which of the following is not an exception to the rule “No Consideration, No Contract”? a) Love & affection b) Compensation for past Voluntary services c) Contract of agency d) None of the above
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Compensation for past voluntary services
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The correct answer is (d) None of the above.
1. Natural Love and Affection
On the off chance that an agreement is recorded as a hard copy and registered between two gatherings in close connection (like close family members or companions), in light of natural love and affection, then, at that point, such an agreement is enforceable even without consideration.
2. Past Voluntary Services
Assuming an individual has done a deliberate service previously and the recipient promises to pay sometime in the future, then, at that point, the contract is restricting gave:
- The service was delivered deliberately before
- It was delivered to the promisor
- The promisor was in presence when the deliberate service was done (particularly significant when the promisor is an association)
- The promisor showed his eagerness to repay the willful service
3. Making of an Agency
As per area 185 of the Indian Contract Act, 1872, no consideration is important to make an agency.
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