Why is an agreement without consideration a void agreement?

Question

Trupal · Answer

Consideration is the essential element for a valid contract general rule says that an agreement without consideration is void but this rule has certain exception in those cases if there is no consideration between two parties still contract treat as a valid. Thanku!

Student.. · Answer

"No consideration No contract"

Nikunj · Answer

Natural love and affection or any other pastv voluntary services

Nikunj · Answer

Generally a contract without the consideration is void because it is the price to be paid by the promisee for the obligation of the promisor ... It is general rule but it also have exceptions like when contract is made in natural love

Anoop · Answer

Exception is agent,bailment,charity ,gift etc

Hanishka · Answer

Generall, an agreement without consideration is void. But there are exceptions to this general rule.

Anoop · Answer

Because consideration is must essential part of agreement

veera · Answer

If there is no benefit then it's void but it have some exceptions

veera · Answer

Because if an agreement between two. Parties there must be a benefit to both parties

Why is an agreement without consideration a void agreement?

9 answers

Ask your doubt in the Studycaller app