Solve.
X borrowed 1,000 from Y. X executed a bond promising to work for Y without pay for 2 years arid in case of default agreed to pay interest at 10% per month and the principal amount at once. Is this agreement valid?

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Solution

Solution: Section to which the given problem relates: Section 23.
Decision: This agreement is void.
Reason: The object of this agreement is unlawful as it involves an injury to another person.
[Leading case: Ram Saroop v. Bansi Mandar]

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Solve.X borrowed 1,000 from Y. X executed a bond promising to work for Y without pay for 2 years arid in case of default agreed to pay interest at 10% per month and the principal amount at once. Is this agreement valid?

Solution: Section to which the given problem relates: Section 23.Decision: This agreement is void.Reason: The object of this agreement is unlawful as it involves an injury to another person.[Leading case: Ram Saroop v. Bansi Mandar]

Solve.
X borrowed 1,000 from Y. X executed a bond promising to work for Y without pay for 2 years arid in case of default agreed to pay interest at 10% per month and the principal amount at once. Is this agreement valid?

Solution: Section to which the given problem relates: Section 23.
Decision: This agreement is void.
Reason: The object of this agreement is unlawful as it involves an injury to another person.
[Leading case: Ram Saroop v. Bansi Mandar]