Question Scenario
Mr. Mukund wants to sell his car. For this purpose, he appoints Mr. Parth, a minor as his agent. Mr. Mukund instructs Mr. Parth that car should not be sold at price less than ` 2,00,000. Mr. Parth ignores the instruction of Mr. Mukund and sells the car to Mr. Naman for ` 1,50,000. Explain the legal position of contract under Indian Contract Act, 1872 whether: A) Mr. Mukund can recover the loss of ` 50,000 from Mr. Parth? B) Mr. Mukund can recover his car from Mr. Naman?
Estimated Writing Time: 7 mins Try in Practice Mode