Mr. X owes R s 100000 to Mr. Y which has to be re-paid after 6 months. Mr. X died of a road accident 2 months after taking the loan. Mr. Y approached Mr. x?s family for repayment of his money. Mr. X?s family refused to repay as they were not aware of his loan taken by Mr. X .Do you think the family is right in doing so and what remedy is available to Mr. X?

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Solution

Dear Student,

Family is not right in doing so if Mr. Y can show the documents stating the loan granted by him to Mr X & the remedy available to Mr Y is recovery through the sale of Mr. X's assets or recovery from X's Nominee.

Regards,

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Dear Student, Family is not right in doing so if Mr. Y can show the documents stating the loan granted by him to Mr X & the remedy available to Mr Y is recovery through the sale of Mr. X's assets or recovery from X's Nominee. Regards,

Dear Student,

Family is not right in doing so if Mr. Y can show the documents stating the loan granted by him to Mr X & the remedy available to Mr Y is recovery through the sale of Mr. X's assets or recovery from X's Nominee.

Regards,