Search This Blog

Monday, 9 May 2016

capacity to a contracts

                  Capacity to a contract

According to sec. 3 of Indian Majority Act 1875, a minor is one who has not completed his or her 18 years of age.

According to sec. 30 a minor cannot became a partner

A minor can be appointed as an agent but he can not be held personally liable for his acts. He can bind his principle by his acts

------------------------------------------------------------------------------------------------------------------
According to sec. 11 of indian contracts act every person competent to contracts who is of age of majority #18+ ,is of sound minded ,is not been disqualified from contracting by any law to which he is subjected.

------------------------------------------------------------------------------------------------
Minor is liable to pay out of his property for necessaries supplied to him or to anyone whom he is legally bound to support


so remember 3 things
minor cannot be in a contracts
of sound minded (idiots, drunken, lunatics etc) cannot do contracts
and one who is disqualified from any previous contracts

No comments:

Post a Comment