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Can a minor be sanctioned an overdraft secured by guarantee:
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Can a minor be sanctioned an overdraft secured by guarantee:
0
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asked
Feb 26, 2022
in
Loan
by
sharadyadav1986
Can a minor be sanctioned an overdraft secured by guarantee:
a) Yes, guarantee is the security.
b) No, guarantee is not enforceable as minor is the borrower
c) Yes, minor can borrow himself and bind himself with the bank
bank-guarantee
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answered
Feb 26, 2022
by
sharadyadav1986
b) No, guarantee is not enforceable as minor is the borrower
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