Economics · Legal Aspects of Business
Which of the following is a valid exception to the rule 'No consideration, no contract' under the Indian Contract Act, 1872?
- 1Contracts of agency requiring consideration
- 2A unilateral verbal statement to pay a time-barred debt
- 3A promise to compensate for involuntary, accidental services
- 4An agreement made out of natural love and affection✓
Correct answer
An agreement made out of natural love and affection
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