Q152
According to Salmond and Winfield, "A promise without consideration is a gift; one made for a consideration is a bargain." However, in the following circumstances a contract without consideration will be perfectly valid 1. An agreement in writing made on account of natural love and affection 2. Contract of Agency 3. Promise to pay a time-barred debt 4. Oral promise made on account of natural love and affection
A.
1, 2, 3, 4
B.
1, 2, 4
C.
1 and 2
D.
1, 2, 3
AnswerAnswer: Option D
Solution
Answer: Option D
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