Practicing Success

Target Exam

CUET

Subject

Legal Studies

Chapter

Topics of Law

Question:
Competency to contract relates to:
Options:
Age of the parties
Soundness of mind of the parties
Both the age and soundness of mind
Intelligence of the parties
Correct Answer:
Both the age and soundness of mind
Explanation:
Any person who is competent to contract (person above 18 years of age, having sound mind and not disqualified by any law in force) and authorized to dispose off property viz., owner of the property or any person authorized to sell the property, can make a transfer.