With reference to The Indian Contract Act, 1872 read the following statements and select the correct option from below: 1. An agreement without consideration is always void ab initio 2. An agreement in writing and registered and made on account of natural love and affection even without consideration is valid

Section 25.   Agreement without consideration, void, unless it is in writing and registered, or is a promise to compensate for something done, or is a promise to pay a debt barred by limitation law: An agreement made without consideration is void, unless- (1) it is expressed in writing and registered under the law for the time being in force for the registration of 1[documents], and is made on account of natural love and affection between parties standing in a near relation to each other.