Error in Agreement

Querist : Anonymous (Querist) 03 April 2010 This query is : Resolved
I have a copy of an agreement that states as follows in one of the para's

"The borrower confirms that the authority and powers hereby given to the bank is for a consideration and is irrevocable under section 202 of the Contract Act, 1882 and such ............"

Generally we refer to Contract Act 1872 similarly Negotiable Act 1881, in view of the discrepancy as mentioned above (Contract Act 1882) does it have any implication on the performance of over all agreement. Does this discrepany has any legal advantage.

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prakash vathore (Expert) 03 April 2010
In my opinion this discrepancy is only a typographical error and shall not have any adverse implication on the performance of the Contract.

Harshada Shukl Kulkarni (Expert) 03 April 2010
I do agree with Mr. Prakash.

prakash vathore (Expert) 03 April 2010
In my opinion both the experts are right.

Parveen Kr. Aggarwal (Expert) 03 April 2010
Yes. Such a typographical error cannot adversely affect the performance of agreement in any manner.

Heaven 2011 (Expert) 05 April 2010
Better you may cut it through pen and right 1872 over it and then put the initial with stamp (if body corporate). However your performance of the agreement will not be affected in any manner.
Rgds,

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