Consideration is not necessary to effect a alid Gratuitous Bailment of goods ........

Indian Contract Act (ICA)1872 Consideration of Contract

Consideration is not necessary to effect a alid Gratuitous Bailment of goods.

True

Partly True

False

None of the above

- Gratuitous Bailment involves the transfer of possession of goods without expectation of reward or compensation.

- Consideration is a traditional contractual element, but Gratuitous Bailment is an exception.

- A Gratuitous Bailment does not require consideration since it is voluntary and benefits only one party.

Option 1: True

- Gratuitous Bailment does not require consideration.

Option 2: Partly True

- Incorrect, as it implies consideration is sometimes needed.

Option 3: False

- Incorrect, Gratuitous Bailment can occur without consideration.

Option 4: None of the above

- Incorrect, as Option 1 is accurate.

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