Explain the validity of a contract of guarantee by Mrs. Kimani and Miss Tomno for an overdraft with a bank entered into by Rita, aged...

      

Explain the validity of a contract of guarantee by Mrs. Kimani and Miss Tomno for an overdraft with a bank entered into by Rita, aged 16 years.

  

Answers


Maurice
This guarantee is void and unenforceable by or against Rita. Since money
borrowing by infants is void by virtue of the Infants Relief Act, 1874, any
guarantee or security given is also void. (Valentini V. Canali).
maurice.mutuku answered the question on April 28, 2018 at 06:09


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