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Law · Q910

Indian Contract Act

Graduate and Post Graduate · Law · question 910

Q910

M' lends Rs. 1,00,000 to 'N'. 'P' is the surety. The contract provides that the liability of 'P' shall be limited to Rs. 50,000. The contract is

A.
Void
B.
Voidable
C.
Irregular
D.
Valid
Answer

Answer: Option D

Solution

Answer: Option D
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