Question

Ramesh, aged 16 years, was studying in an engineering college. On 1st March, 2020 he took a loan of

Rs.1 lakh from Suresh for the payment of his college fee and agreed to pay by 30th April, 2021. Ramesh

possesses assets worth Rs 10 lakhs. On due date, Ramesh fails to pay back the loan to Suresh. Suresh

now wants to recover the loan from Ramesh out of his assets. Whether Suresh would succeed? Decide,

referring to the provisions of the Indian Contract Act, 1872.​

Answer 1

Answer:

Sorry I don't know this question