Under the Indian Contract Act, 1872, which of the following agreements is not void:
Under s.25(2) of the Contract Act, a subsequent promise to compensate a person for a voluntary act already done for the promisor is a valid exception to the no-consideration…
Choose your answer
Under the Indian Contract Act, 1872, which of the following agreements is not void:
Answer and explanation
Correct answer D
Under s.25(2) of the Contract Act, a subsequent promise to compensate a person for a voluntary act already done for the promisor is a valid exception to the no-consideration rule, unlike agreements with an uncertain price, to procure public employment for reward, or to discover treasure by magic.
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