Law · Contract Law
'A' finds 'B's lost purse and hands it over to him voluntarily. 'B' subsequently promises to give 'A' ₹50. Under the Indian Contract Act, this agreement is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A valid contract as compensation for past voluntary service✓
- 2Unenforceable being a past gift
- 3Voidable at the option of 'B'
- 4Void due to lack of consideration
Correct answer
A valid contract as compensation for past voluntary service
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