AILET 2017 LLM Question Paper

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Question : 57 of 100

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A who is a minor takes loan from B. On attaining majority, A executes a bond in favour of B for the loan taken during the minority. Is A liable?

A is liable as he executed the bond on attaining majority
A is liable on the basis of doctrine of estoppels
A is liable as he has ratified the agreement
A is not liable as he cannot ratify the agreement on attaining majority

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