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Agreement without consideration is valid, when made
Out of love and affection due to near relationship
To pay a time barred debt
To compensate a person who has already done something voluntarily
All of the above
- Option 1: Agreements made out of love and affection due to a near relationship can be valid even without consideration. These are often between family members and recognized to preserve relationships.
- Option 2: A promise to pay a time-barred debt can be valid without consideration. This is recognized to encourage the fulfillment of moral obligations.
- Option 3: A promise to compensate someone who has done something voluntarily is valid. This supports acknowledging past actions done without the promise of compensation.
- Option 4: All of the above scenarios allow agreements to be valid without consideration.
- Answer: Option 4 - All of the above.
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By: santosh ProfileResourcesReport error
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