Section 26 Contract Act 1950

As accordance to section 26 of contract act an agreement made without consideration is void unless 3 exceptions it is in writing and registered a promise to compensate something done and a promise to pay a debt barred by limitation law. The agreement is a contract notwithstanding the inadequacy of the consideration. 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.

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Section 26 contract act 1950. An agreement made without consideration is void unless a. 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. Act 136 contracts act 1950 incorporating all amendments up to 1 january 2006 published by. Consequences of rescission of voidable contract section.

It is in writing and registered section 26 a love and affection. Agreement without consideration void. The illustration f to section 26 of contracts act 1950 clearly states the application of the rule. Answer application there is no exception under section 26 of contract act 1950 that make the agreement valid.

According to contracts act 1950 section 26 an agreement without consideration is void. An act relating to contracts. Revised legislation carried on this site may not be fully up to date. A agrees to sell a horse worth rm 1 000 for rm 10.

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. Based on the above provision discuss the consideration as one of the elements of a valid contract under malaysian law. By referring to the statute and decided cases compare the position of consideration under malaysian law with english law.

Section 26 contract act 1950. There are currently no known outstanding effects for the arbitration act 1950 section 26. Refer to section 26 of contract act 1950 states that agreement without consideration is void. 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.

You may find the following information useful. A s consent to the agreement was freely given.