If you accept an offer, do so as soon as possible, as it can be revoked at any time until you accept it. As soon as you agree, the agreement is legally binding and cannot be modified or revoked. In the case of Rajlukhy Dabee against Bhootnath Mookkerjee, the accused promised to pay his wife a fixed sum of money each month for a separate stay and alimony. The agreement was in writing and contained in a registered document mentioning certain disputes and disagreements between the two parties. The court refused to place the agreement under this exception, as the agreement was not concluded out of love and affection, which was indicated by the registered document. Pursuant to section 185 of the Indian Contract Act of 1872, no consideration is required to establish an agency. Venkataramaya Garu[8] gave an old lady to the accused, his daughter and certainly to the land property by deed of gift. The conditions are that a pension set out in section 653 should be paid annually to the plaintiff, the old lady`s sister. The defendant executed in favour of the applicants and iqrarnama and agreed to enter into force. The applicant lodged an appeal because the defendant had not paid the pension.

Here was the consideration for the defendant`s promise to pay the pension, the deed of gift of the old lady and the consideration was made by the plaintiff. kanwarn.wordpress.com/2014/03/20/consideration-part-2-of-3-contracts-without-consideration/ (g) A agrees to sell a horse valued at 1000 for paragraph 10. A denies that his consent to the agreement was given voluntarily. While an agreement may seem unfair a posteriori, the court will generally not decide whether the value of the consideration is proportionate. The exception is when the discrepancy is such that it constitutes bad faith. In this case, the Tribunal may find that the contract is inexorable because the party who offered consideration of a much lower value acted unfairly. A promise to pay a prescribed debt can be implemented as an agreement. However, such an undertaking should be made in writing and signed by the promisor or his agent on his behalf. The promise can be made to pay all or part of the debt. This debt must be the one «whose payment the creditor could have enforced, but for the law of limitation of remedies». Those referred to in Article 25(3) must be explicit and cannot be considered sufficient if the intention to pay is unspecified and inferred from a number of circumstances. There must be a clear promise of payment before you can say that the document is covered by the provisions of the section.

For example, A Rs owes $10,000 to B. This amount was borrowed 4 years ago. A signs a written promise to pay paragraph 50,000 to B in final liquidation of the loan. This agreement remains enforceable without consideration, since it falls under the «prescribed debt» exception.. . . .