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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)

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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
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
persons of unsound mind unsoundness may arise from
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

persons disqualified by law
Persons Disqualified by Law
  • Alien enemies
  • Foreign Sovereigns
  • Insolvent
  • Convict
  • Corporation