Viod Agreements (PART_1) Sections 24 & 25 || Contract Act 1872||

Описание к видео Viod Agreements (PART_1) Sections 24 & 25 || Contract Act 1872||

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In this video, we'll be discussing void agreements under contract law. Specifically, we'll be exploring Sections 24 and 25 of the Contract Act.

Section 24:Agreements void, if considerations and objects unlawful in part

If any part of a single consideration for one or more objects, or any one or any part of any one of several considerations for a single object, is unlawful, the agreement is void. A promises to superintend, on behalf of B, a legal manufacture of indigo, and an illegal traffic in other articles. B promises to pay to A a salary of 10,000 rupees a year. The agreement is void, the object of A's promise and the consideration of B's promise being in part unlawful.

*Section 25:Agreement without consideration void, unless it is in writing and registered, or is a promise to compensate for something done, or is a promise to pay a debt barred by limitation law.
An agreement made without consideration is void, unless-

(1) it is expressed in writing and registered under the law for the time being in force for the registration of documents, and is made on account of natural love and affection between parties standing in a near relation to each other; or unless

(2) it is a promise to compensate, wholly or in a part, a person who has already voluntarily done something for the promisor, or something which the promisor was legally compellable to do, or unless;

(3) it is a promise, made in writing and signed by the person to be charged therewith, or by his agent generally or specially authorized in that behalf, to pay wholly or in part a debt of which the creditor might have enforced payment but for the law for the limitation of suits. In any of these cases, an agreement is a contract.
Explanation 1. Nothing in this section shall affect the validity as between the donor and donee, of any gift actually made.
Explanation 2. An agreement to which the consent of the promisor is freely given is not void merely because the consideration is inadequate; but the inadequacy of the consideration may be taken into account by the Court in determining the question whether the consent of the promisor was freely given.

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