Multiple choice

Which of the following is/are exception(s) to 'no consideration, no contract'?

  1. Agreement on account of natural love

  2. Promise to pay time barred debt

  3. Contract of agency and guarantee

  4. All of the above

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Consideration (no consideration, no contract) exceptions are a. natural love and affection  b. voluntary compensation c. time-barred debt d. completed gift
e. contract of agency f. remission by the promisee