The term “counterpart” is used in the sense of “something against a quid pro quo. An agreement without consideration is a simple promise, and exnudo pacto non aritio actio cannot be made mandatory for the parties. Sir Frederick Pollock defined the reflection: “This is the price for which the promise of the other is bought, and the promise of value thus made is enforceable.” A written and recorded agreement, based on natural love and affection between parents, is applicable without consideration. In Rajkukhy Dabee v Bhootnath Mookerjee. The gift, offered by a donor and the recipient, will be valid without consideration. Therefore, no consideration is required in the gift agreements. In Vasant Rajaram Narvekar v Ankusha Rajaram Narvekar[7] Mother`s gift to her underage son with the right to property until his life. The son kept it with his father and did not refuse to reach the majority. Thus accepted and irrevocable. If you accept an offer, do so as soon as possible, as it can be revoked at any time until you accept it. Once you agree, the contract is legally binding and cannot be amended or revoked. www.preservearticles.com/2012012621491/exceptions-to-consideration-no-consideration-and-no-contract.html section 185 expressly states that there is no need to consider the creation of an agency contract. Therefore, when a person is appointed as an agent, his appointment agreement is valid without consideration.

An agent receives the commission as compensation, but no consideration is required at the time of the appointment agreement. A written promise to pay a debt prescribed by the Statute of Limitations is also enforceable without consideration. The contract must be signed by the counterpromitor or by his agent or any other person authorized by him. [4] For example, A must 1,000 Rs. Debt is prescribed by the statute of limitations. Sign a written promise to pay B the sum of 1,000 ru. This is a valid contract and no consideration is required. According to Section 138 of the Negotiable Instruments Act,[5] a cheque for a prescribed debt falls under Section 138 of the Negotiable Instruments Act. Under Section 25 of the Indian Contract Act, there are no exceptions similar to the common law, but some exceptions are established. It stipulates that an agreement without consideration is null and void, unless a deal may seem unfair in hindsight, the court will generally not decide whether the value of the consideration is proportionate. The exception is when the gap is so large that it is in bad faith.

In this case, the court may find that the contract is unsured because the party who offered the consideration of a much lower value acted unfairly. kanwarn.wordpress.com/2014/03/20/consideration-part-2-of-3-contracts-without-consideration/ A promise to pay for a previous voluntary service is binding and these agreements do not require an exception. Services need to be provided on a voluntary basis. For example, if A B supports, son and B promises to pay the expenses of A. It`s a contract. when he realized that B had a legal obligation to support his grandson. In accordance with this exception, the promise must be to compensate a person who has done something for the promisor, not for a person who has done nothing for the promisor. A contract without consideration is non-applicable because it is legally unenforceable. “Reflection” means that each party must indicate something valuable.3 min after the Indian Contract Act of 1872, which defines the counterparty to section 2 d), the reflection can be made by “the promisor or any other person” as long as it is done “at the request of the promisor.”