Practicing Success
Which of the following is correct in respect of a minor’s agreement? |
Is void ab initio and cannot be ratified.
Can be ratified by the minor during minority.
Can be ratified on becoming major.
Both (b) and (c) are correct |
Is void ab initio and cannot be ratified. |
Any person who is a major, i.e., above 18 years of age, is competent to enter into a contract and minors are not competent to enter into a contract. The exception to this rule is that, if a minor enters into a contract and the enforcement of such contract is beneficial for the minor then it will not be held to be void. |