An Agreement Made on Account of Natural Love and Affection Is an Exception to the

rule against consideration in contract law

In contract law, consideration is the benefit that both parties receive in a contract. It is a necessary element for a contract to be legally binding. However, there is an exception to this rule – an agreement made on account of natural love and affection.

This exception applies when the consideration for a contract is not monetary or valuable, but rather an expression of love or affection between parties. For example, parents may give their child a car as a gift without any exchange of money. The contract in this case is considered legally binding because it is made on account of natural love and affection.

This exception is based on the principle that the law recognizes and values the importance of family relationships and the bonds of love and affection between individuals. Contracts made on account of natural love and affection are considered to be made out of a sense of duty, gratitude, or generosity towards a loved one, rather than simply for personal gain.

It should be noted, however, that the exception applies only to contracts made between close family members, such as parents and children, siblings, or spouses. Contracts made between friends or distant relatives do not fall under this exception and must have a valid consideration.

While this exception may seem to create a potential loophole in contract law, it serves an important purpose in recognizing the significance of familial relationships and the intent behind certain transactions. It also provides protection against potentially exploitative situations where a family member may be taken advantage of for personal gain.

Overall, the agreement made on account of natural love and affection is an important exception to the rule against consideration in contract law. It highlights the importance of family relationships and provides a means of legally recognizing expressions of love and affection between close family members.