Legal Question in Banking Law in India
If borrower in vehicle loan was under age 18, he defaults, what is respocibility of guaranter
Asked on 6/07/13, 7:18 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
If the borrower is represented by his guardian
The guarantor is also liable.
Answered on 6/08/13, 10:01 am
Related Questions & Answers
-
Is there a case law where the outstanding amount was less than 20% of the principle... Asked 6/06/13, 9:40 pm in India Banking Law
-
Is debiting the saving/loan account of a customer as per his telephonic instructions... Asked 6/05/13, 10:41 am in India Banking Law
-
I am a daughter and my mother passed away one year back. I have two brothers. She... Asked 6/04/13, 8:48 pm in India Banking Law
-
Borrower is enjoying both working capital and term loans with one bank. now they... Asked 6/04/13, 11:15 am in India Banking Law
-
I have lent some money to my friend, he is not repaying it. as the amount is huge i... Asked 6/03/13, 9:51 pm in India Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
