Examveda
Examveda

A lends rupees one lakh to B and B promises to repay it with interest @ 12% per annum after one year. The agreement also provides that if the amount is repaid within six months, the rate of interest will be 10%. The stipulation is

A. Valid

B. Void

C. Voidable

D. Illegal

Answer: Option A


This Question Belongs to Law >> Indian Contract Act

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