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An Agreement Without Consideration Is Void Discuss Its Exceptions

ii) The agreement is a promise of compensation for something done – if an agreement is reached to compensate the person who has already done something voluntarily for the promiser, this can be done without compensation. (g) A agrees to sell a horse valued at 1,000 for paragraph 10. A denies that his consent to the agreement was given voluntarily. Sometimes a contract is cancelled by the court because it is not taken into consideration. This usually happens when, in any of these cases, such an agreement is a contract. Section 148 of the Indian Contract Act, 1872 defines bailout as the delivery of goods from one person to another for a specified purpose. This delivery is made on the basis of a contract which, once the object has been completed, is either returned or disposed of, in accordance with the instructions of the person delivering it. .