Business Studies, asked by archisadh, 8 months ago

a minor fraudulently represented to a moneylender that he was of full age and obtained a loan of rs 10000 has the moneylender any right of action against the minor explain​

Answers

Answered by gratefuljarette
2

No, The money lender has no right of action against the minor.

Explanation:

A minor should not enter any contract or agreement before attaining age of 18 and is such agreements are considered void.

In the above case a minor borrowed rupees 10000 from a money lender by falsely representing himself as a major but in actual he is not a minor. So the contract made by the minor with the money lender is void and the money lender cannot take any actions against the minor. The money lender cannot do anything in this case.

To know more:

a minor fraudulently represented to a moneylender that he was of full age and obtained a loan of rs 10000 has the moneylender any right of action against the minor explain​

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