Question
Legal Studies Question on Laws of Contract
Section 25 of the Indian Contract Act 1872 provides the general rule that the agreement without consideration is void. However, the section contains ______ exceptions.
A
Two
B
Three
C
Four
D
Five
Answer
Three
Explanation
Solution
Section 25 of the Indian Contract Act contains three exceptions where an agreement without consideration may still be valid: a written contract, a promise to pay a time-barred debt, and a gift made in writing.