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Contracts of love and affection are valid under which head.
- a)Contract without consideration
- b)Contract with consideration
- c)Stranger to a consideration
- d)None of these
Correct answer is option 'A'. Can you explain this answer?
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Contracts of love and affection are valid under which head.a)Contract ...
Contracts of love and affection are valid under which head?
Contract without consideration.
Explanation:
A contract is an agreement between two or more parties that creates an obligation to do or not to do a particular thing. In general, a contract must have consideration, which means that each party to the contract must receive something of value in exchange for their promise.
However, contracts of love and affection are an exception to this rule. These contracts are made without any consideration, and are therefore considered to be gratuitous promises. Despite the lack of consideration, these contracts are still valid under the law.
Examples of contracts of love and affection include promises to make gifts, such as a promise to give a family member a car or to pay for a child's education. These promises are made out of love or affection, rather than for any commercial purpose, and are therefore not subject to the usual requirements of consideration.
In conclusion, contracts of love and affection are valid under the head of contract without consideration, as they are made without any exchange of value between the parties involved. Despite the lack of consideration, these contracts are still enforceable under the law, as long as they meet the other requirements of a valid contract, such as mutual assent and capacity to contract.
Contract without consideration.
Explanation:
A contract is an agreement between two or more parties that creates an obligation to do or not to do a particular thing. In general, a contract must have consideration, which means that each party to the contract must receive something of value in exchange for their promise.
However, contracts of love and affection are an exception to this rule. These contracts are made without any consideration, and are therefore considered to be gratuitous promises. Despite the lack of consideration, these contracts are still valid under the law.
Examples of contracts of love and affection include promises to make gifts, such as a promise to give a family member a car or to pay for a child's education. These promises are made out of love or affection, rather than for any commercial purpose, and are therefore not subject to the usual requirements of consideration.
In conclusion, contracts of love and affection are valid under the head of contract without consideration, as they are made without any exchange of value between the parties involved. Despite the lack of consideration, these contracts are still enforceable under the law, as long as they meet the other requirements of a valid contract, such as mutual assent and capacity to contract.
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Contracts of love and affection are valid under which head.a)Contract ...
A written and registered agreement based on natural love n affection b/w the parties standing in near relation to each other is enforceable even without consideration...
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Contracts of love and affection are valid under which head.a)Contract without considerationb)Contract with considerationc)Stranger to a considerationd)None of theseCorrect answer is option 'A'. Can you explain this answer?
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