AILET 2017 LLM Question Paper

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
I. An agreement in writing madeon account of natural love and affection
II. Contract of Agency
III. Promise to pay a time-barred debt
IV. Oral promise made on account of natural love and affection