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Person not competent to make contract Minor Person of unsound mind Person disqualified by law.

Published byAlicia Sloper Modified over 10 years ago

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Presentation on theme: "Person not competent to make contract Minor Person of unsound mind Person disqualified by law."— Presentation transcript:

1 Person not competent to make contract Minor Person of unsound mind Person disqualified by law

2 Rules regarding minors agreement Nature of minor agreement---Mohori Bibees Vs Dharmodaas case No Ratification- (new bond execution for old transaction and bond) No Estoppel against minor Minor can be promisee- (e.g Insurance case) Liability for torts No insolvency Partnership Minor can be an agent Joint contract by minor &adult Surety for minor

3 Persons of unsound mind Unsoundness may arise from: Idiocy- person with no interval of insaneness Lunacy- disease of brain due to mental stress. He may have intervels of insanity Drunkenness Hypnotism- artificial induced sleep Mental Decay-On account of old age

4 Persons Disqualified by Law Alien enemies Foreign Sovereigns Insolvent Convict Corporation

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