A promises, for no consideration, to give to B Rs. 1,000. This agreement is—
Verified Answer
A. Voidable
B. Void
C. Enforceable
D. Not enforceable not being in writing
Explanation:
Section 25 of the Indian Contract Act states that an agreement made without consideration is void, unless it falls under certain specified exceptions (e.g., natural love and affection, compensation for past voluntary service, promise to pay time-barred debt, gift). A simple promise for no consideration is void.