Lending money to a borrower, at high rate of interest, when the money market is tight renders the agreement of loan:

Related MCQs

• M is a minor, B, the borrower, approaches M for a loan on the basis of a mortgage of the house owned by B. Hence, M advances the money and B executed a mortgage in favour of M, a minor. In these circumstances
• When both the parties to an agreement are under a mistake as to a matter of fact essential to an agreement, the agreement is:
• A borrows ` 5,000 from B to purchase a revolver to shoot C. Can B recover his loan of ` 5,000, assuming that B knows the purpose of the loan.
• P renders some service to D at D's desire. After a month D promises to compensate P for the service rendered to him, it is a
• The Partnership Act by section 69 indirectly renders the registration firm compulsory by providing:
• Stipulations in a contract providing for enhanced rate of interest from date of default of payment of principal or compound interest are considered to be in the nature of
• A minor enters into agreement representing himself to be a major consider the following statement: 1. Minor commits fraud if the other party does not have personal knowledge of his age 2. Such agreement is not enforceable 3. The doctrine of estoppel does not apply in minor's case 4. Other party is entitled to get back the benefit passed to minor, if innocent about his age Which of the statements given above are correct?
• If the agreement is made by obtaining consent by doing an act forbidden by the Indian Penal Code, the agreement would be caused by:
• An agreement made under mistake of fact, by both the parties, forming the essential subject matter of the agreement is:
• If the consideration or object of an agreement is regarded by the court to be immoral or opposed to public policy. The agreement is