Q180
A lends rupees one lakh to B and B promises to repay it with interest @ 12% per annum after one year. The agreement also provides that if the amount is repaid within six months, the rate of interest will be 10%. The stipulation is
A.
Valid
AnswerB.
Void
C.
Voidable
D.
Illegal
Answer: Option A
Solution
Answer: Option A
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