Statement 2: the agreement that is free from the promoter`s agreement is not refused for the sole reason that the consideration is insufficient; However, the inadequacy of the consideration may be taken into account by the Court of Justice in determining whether the promisor`s consent was freely given. While a deal may seem unfair in hindsight, the court will generally not determine whether the value of the consideration is proportionate. The exception is when the gap is so large that it is in bad faith. In this case, the court may find that the contract is unsured because the party who offered the consideration of a much lower value acted unfairly. A written promise to pay a debt prescribed by the Statute of Limitations is also enforceable without consideration. The contract must be signed by the counterpromitor or by his agent or any other person authorized by him.  For example, A must 1,000 Rs. Debt is prescribed by the statute of limitations. Sign a written promise to pay B the sum of 1,000 ru. This is a valid contract and no consideration is required. According to Section 138 of the Negotiable Instruments Act, a cheque for a prescribed debt falls under Section 138 of the Negotiable Instruments Act.
An agreement reached without consideration is null and void, unless Section 185 explicitly states that no consideration is required to create an agency contract. Therefore, when a person is appointed as an agent, his appointment agreement is valid without consideration. An agent receives the commission as compensation, but no consideration is required at the time of the appointment agreement. The accused promised to pay his wife a fixed amount of money each month for her separate stay and support. The agreement was a recorded document that mentioned some disputes and disagreements between the two parties. The Calcutta Supreme Court refused to consider the agreement as an agreement under this exception. The court found no evidence of affection between the parties whose disputes had forced them to separate. With this exception, it is necessary that the agreement be concluded with love and affection.