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Q.1 Chandu agreed to sell a colour TV set to Pradeep under a
hire-purchase agreement on guarantee of Sunil and a pledge of
Pradeep’s furniture. The terms were: hire-purchase price Rs.
48,000 payable in 24 monthly instalments, ownership to be
transferred on the payment of last instalment. State whether
Sunil is discharged In each of the following alternative cases:
Case (a): if after seven months, Pradeep stopped paying the
installments. Chandu Sued Pradeep for the payment of
arrears and Sunil then gave a notice revoking his guarantee
for the remaining months?
hire-purchase agreement on guarantee of Sunil and a pledge of
Pradeep’s furniture. The terms were: hire-purchase price Rs.
48,000 payable in 24 monthly instalments, ownership to be
transferred on the payment of last instalment. State whether
Sunil is discharged In each of the following alternative cases:
Case (a): if after seven months, Pradeep stopped paying the
installments. Chandu Sued Pradeep for the payment of
arrears and Sunil then gave a notice revoking his guarantee
for the remaining months?
Most Upvoted Answer
Q.1 Chandu agreed to sell a colour TV set to Pradeep under a hire-purc...
Discharge of Sunil in Case (a):
Background:
Chandu agreed to sell a colour TV set to Pradeep under a hire-purchase agreement on guarantee of Sunil and a pledge of Pradeep’s furniture. The hire-purchase price was Rs. 48,000 payable in 24 monthly instalments, with ownership to be transferred on the payment of the last instalment.
Case (a) Scenario:
- After seven months, Pradeep stopped paying the installments.
- Chandu sued Pradeep for the payment of arrears.
- Sunil then gave a notice revoking his guarantee for the remaining months.
Explanation:
- Sunil, as a guarantor, is discharged from his obligations in Case (a) since he gave a notice revoking his guarantee.
- According to the Indian Contract Act, a guarantor has the right to revoke his guarantee at any time. Once the guarantee is revoked, the guarantor is discharged from any further liability arising from the contract.
- In this case, Sunil's revocation of the guarantee means that he is no longer responsible for Pradeep's remaining instalments.
- Chandu can still pursue Pradeep for the payment of arrears, but Sunil is no longer obligated to fulfill his guarantee.
In conclusion, Sunil is discharged from his guarantee in Case (a) after giving a notice revoking his guarantee for the remaining months of the hire-purchase agreement.
Background:
Chandu agreed to sell a colour TV set to Pradeep under a hire-purchase agreement on guarantee of Sunil and a pledge of Pradeep’s furniture. The hire-purchase price was Rs. 48,000 payable in 24 monthly instalments, with ownership to be transferred on the payment of the last instalment.
Case (a) Scenario:
- After seven months, Pradeep stopped paying the installments.
- Chandu sued Pradeep for the payment of arrears.
- Sunil then gave a notice revoking his guarantee for the remaining months.
Explanation:
- Sunil, as a guarantor, is discharged from his obligations in Case (a) since he gave a notice revoking his guarantee.
- According to the Indian Contract Act, a guarantor has the right to revoke his guarantee at any time. Once the guarantee is revoked, the guarantor is discharged from any further liability arising from the contract.
- In this case, Sunil's revocation of the guarantee means that he is no longer responsible for Pradeep's remaining instalments.
- Chandu can still pursue Pradeep for the payment of arrears, but Sunil is no longer obligated to fulfill his guarantee.
In conclusion, Sunil is discharged from his guarantee in Case (a) after giving a notice revoking his guarantee for the remaining months of the hire-purchase agreement.
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Q.1 Chandu agreed to sell a colour TV set to Pradeep under a hire-purchase agreement on guarantee of Sunil and a pledge of Pradeep’s furniture. The terms were: hire-purchase price Rs. 48,000 payable in 24 monthly instalments, ownership to be transferred on the payment of last instalment. State whether Sunil is discharged In each of the following alternative cases: Case (a): if after seven months, Pradeep stopped paying the installments. Chandu Sued Pradeep for the payment of arrears and Sunil then gave a notice revoking his guarantee for the remaining months?
Question Description
Q.1 Chandu agreed to sell a colour TV set to Pradeep under a hire-purchase agreement on guarantee of Sunil and a pledge of Pradeep’s furniture. The terms were: hire-purchase price Rs. 48,000 payable in 24 monthly instalments, ownership to be transferred on the payment of last instalment. State whether Sunil is discharged In each of the following alternative cases: Case (a): if after seven months, Pradeep stopped paying the installments. Chandu Sued Pradeep for the payment of arrears and Sunil then gave a notice revoking his guarantee for the remaining months? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Q.1 Chandu agreed to sell a colour TV set to Pradeep under a hire-purchase agreement on guarantee of Sunil and a pledge of Pradeep’s furniture. The terms were: hire-purchase price Rs. 48,000 payable in 24 monthly instalments, ownership to be transferred on the payment of last instalment. State whether Sunil is discharged In each of the following alternative cases: Case (a): if after seven months, Pradeep stopped paying the installments. Chandu Sued Pradeep for the payment of arrears and Sunil then gave a notice revoking his guarantee for the remaining months? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Q.1 Chandu agreed to sell a colour TV set to Pradeep under a hire-purchase agreement on guarantee of Sunil and a pledge of Pradeep’s furniture. The terms were: hire-purchase price Rs. 48,000 payable in 24 monthly instalments, ownership to be transferred on the payment of last instalment. State whether Sunil is discharged In each of the following alternative cases: Case (a): if after seven months, Pradeep stopped paying the installments. Chandu Sued Pradeep for the payment of arrears and Sunil then gave a notice revoking his guarantee for the remaining months?.
Q.1 Chandu agreed to sell a colour TV set to Pradeep under a hire-purchase agreement on guarantee of Sunil and a pledge of Pradeep’s furniture. The terms were: hire-purchase price Rs. 48,000 payable in 24 monthly instalments, ownership to be transferred on the payment of last instalment. State whether Sunil is discharged In each of the following alternative cases: Case (a): if after seven months, Pradeep stopped paying the installments. Chandu Sued Pradeep for the payment of arrears and Sunil then gave a notice revoking his guarantee for the remaining months? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Q.1 Chandu agreed to sell a colour TV set to Pradeep under a hire-purchase agreement on guarantee of Sunil and a pledge of Pradeep’s furniture. The terms were: hire-purchase price Rs. 48,000 payable in 24 monthly instalments, ownership to be transferred on the payment of last instalment. State whether Sunil is discharged In each of the following alternative cases: Case (a): if after seven months, Pradeep stopped paying the installments. Chandu Sued Pradeep for the payment of arrears and Sunil then gave a notice revoking his guarantee for the remaining months? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Q.1 Chandu agreed to sell a colour TV set to Pradeep under a hire-purchase agreement on guarantee of Sunil and a pledge of Pradeep’s furniture. The terms were: hire-purchase price Rs. 48,000 payable in 24 monthly instalments, ownership to be transferred on the payment of last instalment. State whether Sunil is discharged In each of the following alternative cases: Case (a): if after seven months, Pradeep stopped paying the installments. Chandu Sued Pradeep for the payment of arrears and Sunil then gave a notice revoking his guarantee for the remaining months?.
Solutions for Q.1 Chandu agreed to sell a colour TV set to Pradeep under a hire-purchase agreement on guarantee of Sunil and a pledge of Pradeep’s furniture. The terms were: hire-purchase price Rs. 48,000 payable in 24 monthly instalments, ownership to be transferred on the payment of last instalment. State whether Sunil is discharged In each of the following alternative cases: Case (a): if after seven months, Pradeep stopped paying the installments. Chandu Sued Pradeep for the payment of arrears and Sunil then gave a notice revoking his guarantee for the remaining months? in English & in Hindi are available as part of our courses for UPSC.
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Here you can find the meaning of Q.1 Chandu agreed to sell a colour TV set to Pradeep under a hire-purchase agreement on guarantee of Sunil and a pledge of Pradeep’s furniture. The terms were: hire-purchase price Rs. 48,000 payable in 24 monthly instalments, ownership to be transferred on the payment of last instalment. State whether Sunil is discharged In each of the following alternative cases: Case (a): if after seven months, Pradeep stopped paying the installments. Chandu Sued Pradeep for the payment of arrears and Sunil then gave a notice revoking his guarantee for the remaining months? defined & explained in the simplest way possible. Besides giving the explanation of
Q.1 Chandu agreed to sell a colour TV set to Pradeep under a hire-purchase agreement on guarantee of Sunil and a pledge of Pradeep’s furniture. The terms were: hire-purchase price Rs. 48,000 payable in 24 monthly instalments, ownership to be transferred on the payment of last instalment. State whether Sunil is discharged In each of the following alternative cases: Case (a): if after seven months, Pradeep stopped paying the installments. Chandu Sued Pradeep for the payment of arrears and Sunil then gave a notice revoking his guarantee for the remaining months?, a detailed solution for Q.1 Chandu agreed to sell a colour TV set to Pradeep under a hire-purchase agreement on guarantee of Sunil and a pledge of Pradeep’s furniture. The terms were: hire-purchase price Rs. 48,000 payable in 24 monthly instalments, ownership to be transferred on the payment of last instalment. State whether Sunil is discharged In each of the following alternative cases: Case (a): if after seven months, Pradeep stopped paying the installments. Chandu Sued Pradeep for the payment of arrears and Sunil then gave a notice revoking his guarantee for the remaining months? has been provided alongside types of Q.1 Chandu agreed to sell a colour TV set to Pradeep under a hire-purchase agreement on guarantee of Sunil and a pledge of Pradeep’s furniture. The terms were: hire-purchase price Rs. 48,000 payable in 24 monthly instalments, ownership to be transferred on the payment of last instalment. State whether Sunil is discharged In each of the following alternative cases: Case (a): if after seven months, Pradeep stopped paying the installments. Chandu Sued Pradeep for the payment of arrears and Sunil then gave a notice revoking his guarantee for the remaining months? theory, EduRev gives you an
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