Section 26 Contract Act 1950

Section 2 d defined the word consideration is when at the desire of the promisor the promisee or any other person has done or abstained from doing or does or abstains from doing or promises to do or abstains from doing something such act.

Section 26 contract act 1950. It is in writing and registered section 26 a love and affection. Refer to section 26 of contract act 1950 states that agreement without consideration is void. Agreement without consideration void. Made on account of natural love and affection requires consideration.

Section 26 a of the contracts act 1950 provides that an agreement. Consideration is something value to either promise or promisor that is usually cash or property which is will be exchange between the promise and the promisor as the performance. Section 26 the general rule in a contract is that an agreement without consideration is void. Cite contracts act 1950 section 26 there are several styles of referencing and the format for citation of legislation depends on the type of referencing style used.

An agreement made without consideration is void unless a. Section 26 of the contracts act 1950 states that an agreement without consideration is void. Act 136 contracts act 1950 incorporating all amendments up to 1 january 2006 published by. Section 26 contract act 1950.

A s consent to the agreement was freely given. The agreement is a contract notwithstanding the inadequacy of the consideration. You may find the following information useful. A agrees to sell a horse worth rm 1 000 for rm 10.

An act relating to contracts. Laws of malaysia contracts act 1950. Consideration is an agreement without consideration void. A the agreement must be in writing b the agreement is made to compensate a promise c the agreement must be registered under the relevant law d the agreement must be made on account love and.

Which of the following is not a condition for this exception. Legislation from this website is not a copy of the gazette printed by the government printer percetakan nasional malaysia berhad for the purposes of section 61 of the interpretation acts 1948 and 1967 act 388 and does not constitute prima facie evidence of the contents of the gazette by virtue of the section. Consideration law 3235 sem 2 2013 2014 3.