ii) The agreement is a promise of compensation for something done – if an agreement is reached to compensate the person who has already done something voluntarily for the promiser, this can be done without compensation. The UZK allows a party to clear a claim or right resulting from an alleged infringement of the other party without consideration. This objective is achieved by granting the other party a waiver signed in writingAn informed choice, in which one waives the right to appeal otherwise available. or waiverA formal refusal of something, such as a contract. Single Commercial Code, §1-107. This provision applies to any contract submitted to the UZK and is not limited to the sales provisions provided for in Article 2. Pursuant to section 25 of the Indian Contract Act, there is no exception similar to the common law, but sets out certain exceptions. It says that an agreement without consideration is void unless kanwarn.wordpress.com/2014/03/20/consideration-part-2-of-3-contracts-without-consideration/ Radhakrishna Joshi v. Konsortialbank, in this case a loan was paid to the defendant`s son as part of the independent loan, the father executed documents in which he undertook and confirmed to pay. He was held responsible even though he was not a guarantor. The case was decided without exception, as nature obliges parents to take care of the children.
There were also reflections because he bought his family peace by saving the seizure of his sons` estate. The accused promised to pay his wife a fixed amount of money each month for her separate residence and alimony. The agreement was a registered document mentioning certain disputes and disagreements between the two parties. The Supreme Court of Calcutta refused to consider the agreement as falling within this exception. The tribunal could find no trace of affection between the parties whose dispute had forced them to separate. In this exception, it is necessary that the agreement be concluded with love and affection. The remainder may allow the application of counterparty contracts concluded.. .