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Law · Q1150

Indian Contract Act

Graduate and Post Graduate · Law · question 1150

Q1150

Mohit lends Rs. One Lakh to Som where Narain was the surety. The contract in this transaction provided that the liability of Narain is limited to Rs. 50,000. The contract is:

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

Answer: Option D

Solution

Answer: Option D
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