An NBFC offers a loan to a person by telling a lie verbally and writing different terms on the sanction letter, which is accepted by the borrower believing the person telling the lie without going through the sanction. The sanction letter is unsigned by the company officials.
1. Is the agreement / contract void in the absence of signature of the sanctioning authority.
2. Is it void due to misrepresentation to the borrower verbally
3. Is it void due to fraud committed on the borrower by telling a lie and writing differenet terms in the sanction.
Which of above is applicable in above case?
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