Practicing Success
Competency to contract relates to: |
Age of the parties
Soundness of mind of the parties
Both the age and soundness of mind
Intelligence of the parties |
Both the age and soundness of mind |
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. |