New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A Lessor is bound to disclose to the lessee any material

    defect in the property __
    A with reference to its intended use, of which the latter is and the former is not aware, and which the latter could not with ordinary care discover Correct Answer Incorrect Answer
    B with reference to its unintended use, of which the former is and the latter is not aware, and which the latter could not with ordinary care discover. Correct Answer Incorrect Answer
    C with reference to its intended use, of which the former is and the latter is not aware, and which the latter could with ordinary care discover Correct Answer Incorrect Answer
    D with reference to its intended use, of which the former is and the latter is not aware, and which the latter could not with ordinary care discover Correct Answer Incorrect Answer
    E with reference to its intended use, of which the latter is and the former is not aware, and which the latter could with ordinary care discover Correct Answer Incorrect Answer

    Solution

    As per s.108 Rights and Liabilities of lessor and lessee- (A) Rights and Liabilities of the Lessor- a. The lessor is bound to disclose to the lessee any material defect in the property, with reference to its intended use, of which the former is and the latter is not aware, and which the latter could not with ordinary care discover. Snapshot –Topic covered in Course video as well as Live Class for SEBI Legal Course of ixamBee

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