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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 (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.
Case (b): if after seven months, Sunil die?
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.
Case (b): if after seven months, Sunil die?
Most Upvoted Answer
Chandu agreed to sell a colour TV set to Pradeep under a hire-purchase...
Case (a): Sunil's Discharge
- Sunil is not discharged: Sunil cannot revoke his guarantee midway through the hire-purchase agreement. He is legally bound to fulfill his obligations as a guarantor until the completion of the contract.
- Chandu can continue to hold Sunil liable: Chandu can continue to pursue Sunil for the payment of arrears in case Pradeep defaults on the instalments. Sunil's guarantee is still valid until the full payment of the hire-purchase price.
Case (b): Sunil's Discharge due to Death
- Sunil is discharged upon death: In the event of Sunil's death, his guarantee is automatically terminated. The liability of the guarantor ceases to exist upon his death.
- Chandu cannot hold Sunil's legal heirs liable: After Sunil's death, Chandu cannot hold Sunil's legal heirs responsible for the payment of arrears or any remaining instalments. The contract becomes void with Sunil's demise.
- Sunil is not discharged: Sunil cannot revoke his guarantee midway through the hire-purchase agreement. He is legally bound to fulfill his obligations as a guarantor until the completion of the contract.
- Chandu can continue to hold Sunil liable: Chandu can continue to pursue Sunil for the payment of arrears in case Pradeep defaults on the instalments. Sunil's guarantee is still valid until the full payment of the hire-purchase price.
Case (b): Sunil's Discharge due to Death
- Sunil is discharged upon death: In the event of Sunil's death, his guarantee is automatically terminated. The liability of the guarantor ceases to exist upon his death.
- Chandu cannot hold Sunil's legal heirs liable: After Sunil's death, Chandu cannot hold Sunil's legal heirs responsible for the payment of arrears or any remaining instalments. The contract becomes void with Sunil's demise.
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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 (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. Case (b): if after seven months, Sunil die?
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 (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. Case (b): if after seven months, Sunil die? 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 (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. Case (b): if after seven months, Sunil die? 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 (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. Case (b): if after seven months, Sunil die?.
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. Case (b): if after seven months, Sunil die? 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 (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. Case (b): if after seven months, Sunil die? 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 (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. Case (b): if after seven months, Sunil die?.
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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 (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. Case (b): if after seven months, Sunil die?, 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 (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. Case (b): if after seven months, Sunil die? 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 (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. Case (b): if after seven months, Sunil die? theory, EduRev gives you an
ample number of questions to practice 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. Case (b): if after seven months, Sunil die? tests, examples and also practice UPSC tests.
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