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Discussion

Preparation for CA - CPT - Mercantile Laws
(1)

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Which of the following statements is true?

 
A contract with a minor is voidable at the option of the minor.
An agreement with a minor can be ratified after he attains majority.
A person of unsound mind cannot enter into a contract even when he is of sound mind.
A person of sound mind cannot enter into a contract when he is of unsound mind.

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Sai Ganesh

Contract with a minor is not voidable bcoz it is void AB initio so opt 4 is correct

Mohan Kumar

True
rn

Babloo Kumar

As minor can pled minority that is why option A is correct

Sampath

I think it is also valid because a minor can be admitted as partner when he attains majority