https://www.taxtmi.com/acts?id=7134 An agreement made without consideration is void unless it is (a) written and registered and founded on natural love and affection between near relations, (b) a promise to compensate for something already voluntarily done or something the promisor was legally bound to do, or (c) a written and signed promise to pay a debt barred by limitation; in any such case the agreement is a contract. Explanations preserve the validity of actual gifts and permit inadequacy of consideration to be considered when assessing free consent. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 19 Jan 2008 22:45:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7134 An agreement made without consideration is void unless it is (a) written and registered and founded on natural love and affection between near relations, (b) a promise to compensate for something already voluntarily done or something the promisor was legally bound to do, or (c) a written and signed promise to pay a debt barred by limitation; in any such case the agreement is a contract. Explanations preserve the validity of actual gifts and permit inadequacy of consideration to be considered when assessing free consent. Act-Rules Indian Laws Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7134