Which of the following statement is incorrect?
Verified Answer
A. An agreement made without consideration is void irrespective of the circumstances.
B. Every agreement in restraint of marriage of any person, other than minor, is void.
C. Every agreement by which anyone is restrained from exercising a lawful profession, trade or business of any kind, is to that extent void.
D. Agreements, the meaning of which is not certain or capable of being made certain, are void.
Explanation:
The statement 'An agreement made without consideration is void irrespective of the circumstances' is incorrect. Section 25 of the Indian Contract Act, 1872, provides several exceptions where an agreement without consideration is valid (e.g., natural love and affection, compensation for past voluntary service, time-barred debt). The other options are generally correct statements under the Indian Contract Act.