Discuss the law relating to the minor's contract in India.
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In India, the Indian Majority Act, 1875 declares the age of majority of all persons to be 18 years. If a minor has a guardian or Court of Ward looking after him, his age of majority becomes 21 years. Hence, any contract with a party below the age of 18 years is invalid as per the Act
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Answer:
Explanation:
As per the relevant section of Indian Contract Act 1872 , A minor is incompetence to contract . A contract with minor is void at the beginning . A minor cannot ratify the contract even if he attains majority
The following are the law's relating to a minor
- No insolvency
- Partner ship
- Minor can be an agent
- Sound mind person
- Minor as share holder
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