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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 (b): if after seven months, Sunil died.?
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 (b): if after seven months, Sunil died.?
Most Upvoted Answer
Chandu agreed to sell a colour TV set to Pradeep under a hire-purchase...
Discharge of Sunil in Case (b): Sunil's death
Sunil would be discharged from his guarantee in the following case:
- Death of Sunil: Sunil's death would discharge him from the guarantee as the contract is a personal contract and cannot be enforced against his legal heirs. The liability of the guarantor ceases upon his death, and the creditor cannot claim payment from Sunil's legal representatives.
In this case, after Sunil's death, his legal heirs would not be responsible for fulfilling his guarantee obligations. However, Pradeep would still be liable to pay the remaining instalments as per the hire-purchase agreement and would need to find a new guarantor if required by the seller.
It is essential for both parties to understand the legal implications of the guarantor's discharge due to death and make necessary arrangements to fulfill the contract obligations without any disputes or delays.
Sunil would be discharged from his guarantee in the following case:
- Death of Sunil: Sunil's death would discharge him from the guarantee as the contract is a personal contract and cannot be enforced against his legal heirs. The liability of the guarantor ceases upon his death, and the creditor cannot claim payment from Sunil's legal representatives.
In this case, after Sunil's death, his legal heirs would not be responsible for fulfilling his guarantee obligations. However, Pradeep would still be liable to pay the remaining instalments as per the hire-purchase agreement and would need to find a new guarantor if required by the seller.
It is essential for both parties to understand the legal implications of the guarantor's discharge due to death and make necessary arrangements to fulfill the contract obligations without any disputes or delays.
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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 (b): if after seven months, Sunil died.?
Question Description
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 (b): if after seven months, Sunil died.? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about 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 (b): if after seven months, Sunil died.? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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 (b): if after seven months, Sunil died.?.
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 (b): if after seven months, Sunil died.? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about 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 (b): if after seven months, Sunil died.? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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 (b): if after seven months, Sunil died.?.
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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 (b): if after seven months, Sunil died.?, a detailed solution for 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 (b): if after seven months, Sunil died.? has been provided alongside types of 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 (b): if after seven months, Sunil died.? theory, EduRev gives you an
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