Mr Kumar is the sole member of a close corporation. Mr Kumar bound himself as surety for the close corporation's loan from Standard Bank. He did so without the consent of Mrs Kumar, to whom he is married in community of property. The transaction is ...

Question

Answer

void.

Answer

voidable at the instance of Mrs Kumar.

Answer

voidable at the instance of Standard Bank.

Answer

valid.

Crowdly

Mr Kumar is the sole member of a close corporation. Mr Kumar bound himself as su...

Want instant access to all verified answers on claw.myexams.unisa.ac.za?