other govt exam FCI Assistant Grade 3 (AG III) Phase I & II Mock Test Contract Act Voidable Contracts And Void Agreements
'A' Minor takes a loan of Rs. 4,000/- from 'B' during his minority, on attaining majority, he applies to 'B' for a further loan of Rs. 3,000/- 'B' gives this loan and obtains from 'A' a combined promissory note of Rs. 7,000/- for the two loans. This is considered as:
1
Void Contract
2
Valid Contract
3
Illegal Contract
4
Unilateral Contract
5
Compromising Contract