Multiple choice

No consideration, No contract is the rule of law

  1. True

  2. Partly True

  3. False

  4. None of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The principle of Ex nudo pacto non oritur actio states that an agreement without consideration is void and unenforceable. While the Indian Contract Act provides specific exceptions like natural love and affection, the statement remains the fundamental rule of contract law. Thus, the claim that this is the rule of law is considered true.

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