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Anand agreed to sell his house worth Rs. One crore for Rs. One lakh to Ram. The transaction is

Under Explanation 2 to section 25 of the Indian Contract Act, 1872, an agreement to which the consent of the promisor is freely given is not void merely because the…

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Anand agreed to sell his house worth Rs. One crore for Rs. One lakh to Ram. The transaction is

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Under Explanation 2 to section 25 of the Indian Contract Act, 1872, an agreement to which the consent of the promisor is freely given is not void merely because the consideration is inadequate. Since no lack of free consent is indicated, the agreement to sell the house worth Rs. one crore for Rs. one lakh is valid.

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