With reference to The Indian Contract Act, 1872 read the following statements and select the correct option from below:
1. An agreement without consideration is always void ab initio
2. An agreement in writing and registered and made on account of natural love and affection even without consideration is valid
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 1[documents], and is made on account of natural love and affection between parties standing in a near relation to each other.
On which date is Independence Day celebrated in the United States to commemorate the passage of the Declaration of Independence?
Consider the following statements regarding ‘GIFT NIFTY’:
Statement-I: GIFT NIFTY is the first of its kind trading link, with trading and...
Who made the first attempt to calculate the national income of India?
What is the botanical name for Ringal, a material utilized in Uttarakhand's handicraft industry?
Which ISRO’s PSLV-C54 successfully placed nine satellites which includes satellite ?
Consider the following statement about “International Tropical Timber Council (ITTC)".
1. Recently, the 59th International Tropical Timber Co...
In which game of Asian Games did the pair of Deepika Pallikal and Harinder Pal Sandhu win the gold medal?
In May 2023, which Indian scientist at the Exoplanet Research Group of the Physical Research Laboratory (PRL), Ahmedabad led the international team whic...
The Indian Constitution provides the following identity to its people?
1. Political Identity
2. Moral Identity
3. Ethnic Ide...
Who is responsible for the appointment of the Chairman of the Public Accounts Committee?
