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Section 27 is essentially based on public policy and applies to different cases to varying degrees. In the case of Brahmaputra tea co ltd v. Scarth, it was decided by the court that any deference by a person`s own commitment is not invalid and would fall under exceptions in Section 27. These legal and judicial exceptions are explained below. Therefore, any agreement that imposes restrictions on a trader`s choice of mode of activity is void. An agreement to do an impossible act in itself is a null and void. Section 25 ica indicates that unrequited agreements are generally non-acolic. If in the example above A promises to give his car B for free, such an agreement is void because there is no consideration that A gives his car B, under which it is justified if A later refuses to make strikes, lockouts and riots do not also relieve the Promisor of his responsibility for performance. If the parties wish to be exempt from such events, they must be expressly specified in the terms of the contract. Section 2 (d) of the Indian Contract Act of 1872 stipulates that consideration may be provided by “promisives or any other person” provided that this is done “at the request of the promisor.” In the case of Currie v.

Misa, the court defined the precious consideration as “within the meaning of the law may exist in one right, interest, leniency, prejudice, loss or liability, suffered or assumed by the other.” Section 25 of the Act states that all agreements would be cancelled without consideration, unless they fall into the following categories: Any agreement by which a person is deterred from practising a lawful profession, professional activity or transaction of any kind is therefore non-relevant. However, the contract is considered invalid, if B has several offices, it creates confusion in B`s mind with regard to the place of delivery. Another case is where a car was brought by the seller for an Rs 1,000 with Derer supply, to earn more if the car is found to be lucky. The agreement was considered inconclusive because “happiness” is a highly subjective term and its effects cannot be objectively assessed. (a) A agrees with B to magically discover treasures. The agreement is not done. This is dealt with in section 27 of the law. The freedom to exercise any form of trade and profession is a fundamental right guaranteed by the Indian Constitution in accordance with Article 19, paragraph 1.