Rajasthan Judiciary Pre 2011

In which one of the following, consideration is not required?

Verified Answer
A. contract of insurance
B. contract of bailment
C. contract of guarantee
D. contract of service

Explanation:

While consideration is generally essential for a valid contract under the Indian Contract Act, 1872, a gratuitous bailment (where goods are delivered for a purpose without any charge or reward) is an exception where consideration in the traditional sense is not required. The delivery of goods itself can be seen as a form of consideration, but it's often cited as an exception to the strict requirement of consideration moving from both sides.