Void Agreement Contract - Executing a Mortagage of his Property - Finance Assignment Help

Assignment Task :

Case I (4)

X owes Y Rs. 100,000 but this debt is time barred. In a Marriage of Z, who is a friend of X and Y, X promises Y that he will pay that debt. After some time X did not pay, when Y ask about his promise for the payment of time bard debt, X refuse to pay. 

Required:

Can Y recover the promised amount from X? If yes give resone. If No give reason

Case II (4)
X gifted Rs. 50,000 to Y his neighbour’s wife by executing a registered gift deed without any consideration. There is no near relation between X and Y.

Required:

Is this gift Valid? Comment.

Case III (4)

X promises to make a gift of Rs. 50,000 to Y, his neighbor’s wife

Required:

Is this promise is valid? Comment. 

Case IV (4)

S a minor, borrow a sum form N by executing a mortagage of his property to N. Subsequently, S sued for setting aside the mortagage.

Required:

How this mortgage valid?

On what basis N recover money from S?
 

Case V (4)

R a minor entered into contract with M to supply food and clothes to his dependents. M supplied the same but R refuses to pay the.

Requied:

1. How this is void agreement/contract?

2. Why M can not recover any amount?

Case VI (4)

X agreed to sell his property worth Rs. 100,000 for Rs. 10,000 only. X’s mother proved that X was a congentital idiot, incapaable of understanding the trasaction. 

Requied:

Is this sale valid? Comment.

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