INTERVIEW QUESTIONS MERCANTILE LAW CONSIDERATION DETAILS

Question: Which of the following is not an exception to the rule, "No consideration, No contract":
(a) Natural love and affection
(b) Compensation for involuntary services
(c) Completed gift
(d) Agency

Answer: (b) Compensation for involuntary services
Description:Compensation for involuntary services is not an example to the rule " No consideration, No contract".
According to [Section 25(2)] of The Indian Contract Act, 1872, the person who is to be compensated has already done something voluntraily or has done something which the promisor was legally bound to do.

(b) Compensation for involuntary services
Description:Compensation for involuntary services is not an example to the rule " No consideration, No contract".
According to [Section 25(2)] of The Indian Contract Act, 1872, the person who is to be compensated has already done something voluntraily or has done something which the promisor was legally bound to do. Source: CoolInterview.com

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