1 / 4

Capacity to contract

Capacity to contract. Person not competent to make contract Minor Person of unsound mind Person disqualified by law. Rules regarding minor’s agreement. Nature of minor agreement--- Mohori Bibee’s Vs Dharmodaas case No Ratification- (new bond execution for old transaction and bond)

hina
Download Presentation

Capacity to contract

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


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

  2. Rules regarding minor’s agreement • Nature of minor agreement---MohoriBibee’s 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 mindUnsoundness 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

More Related