Consider the following statements : 1. If an infant obtains property or goods by misrepresenting his age, he can be compelled to restore it even though the infant has sold the Goods or converted them. 2. There is no estoppel against minor. Which of the statement given above are correct? A) 1 only . B) 2 only . C) Both 1 and 2. D) Neither 1 nor 2.
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Explanation:
Section 11 of the Contract Act, 1872 explains the requirements of competency for entering into contracts. Individuals or entities can create contracts only if they meet these requirements. The very first such requirement is that of majority age.
The general rule of contracts is that every person, whether natural or artificial, can enter into contractual obligations.
Section 11, however, lays down certain exceptions. For example, minors, persons of unsound mind and those whom the law specifically disqualifies are the exceptions.
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