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Get Answers to all your Questions
Tanisha is a minor who enters into the contract. She took a loan of a certain amount from Mr Ram. Mihir is the surety of the contract.Tanisha fails to pay the money back.in this case, who is liable?
Option: 1
Tanisha is liable as she breached the contract.
Option: 2
Mr. Ram is liable because He gave loan to Tanisha who is minor
Option: 3
Mihir who is the surety would be primarily liable as he has given a guarantee to the contract.
Option: 4
No one is liable because contract with minor is void.
Answers (1)
Contract between Tanisha and Mr. Ram is void as she is minor and If the contract between the creditor and the debtor is found to be void then the surety (in this case Mihir)would be considered to be primarily liable. Hence correct option is c.
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