Who is competent to form a contract under the Indian Contract Act
Q. 7 (a) Who are competent to make a contract? Or What do you understand by the competency to enter into a contract? Who is competent to form a contract under the Indian Contract Act? Q. 7 (b). Write a critical note on the minor's contract with leading Explain with decided cases that minor's contracts are void-ab intio. Can a minor's contract be specifically enforced and ratified? or Who are the persons 'not competent to contract'? What is the nature of an agreement entered into by a minor? Discuss the remedies available to the other party in such agreements. Ans. Who are competent to Contract .-According to Section 10, for entering into a valid contract the parties must be competent to contract. Section 11 lays down the provision about the persons who are competent to contract. According to Section 11: "Every person is competent to contract who : (i) is of the age of majority according to the law to which he is subject; and (ii) is of