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Calculating Gaining Ratio

Solve.X promi...

Question

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X promises to make a gift of Rs. 50,000 to Y, his neighbours wife. Is this promise valid?

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Solution

Solution: Section to which the given problem, relates: Explanation I to Section 25
Decision: A promise to gift Is not valid
Reason: This agreement is void for want of consideration and at the same time, there is only a promise to gift and not a completed gift.

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