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Which of the following is not applicable in relation to an agreement by a minor?
- a)An agreement by or with a minor is voidable
- b)An agreement with a minor is void-ab-initio
- c)A minor cannot ratify an agreement on attaining majority
- d)A minor can plead minority
Correct answer is option 'A'. Can you explain this answer?
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Which of the following is not applicable in relation to an agreement b...
Understanding Agreements by Minors
In the context of contract law, particularly concerning agreements involving minors, it's crucial to recognize the legal standing of such agreements. Among the options provided, the correct answer is option 'A'—"An agreement by or with a minor is voidable."
Why is Option A Incorrect?
- Voidable Agreements: An agreement by or with a minor is not voidable; it is considered void ab initio (from the beginning). This means that such agreements lack legal effect and cannot be enforced from the outset.
- Legal Status of Minors: Minors (individuals below the age of majority) are not legally competent to enter into contracts. Therefore, any agreement they enter into is automatically void.
Understanding Other Options
- Option B - Void ab initio: This statement is accurate. Agreements with minors are void from the start and cannot be enforced.
- Option C - Ratification: A minor cannot ratify an agreement upon reaching the age of majority. They may choose to enter into new contracts, but they cannot validate previous agreements made while they were a minor.
- Option D - Pleading Minority: A minor can always plead their minority status in court to void any contract they entered into while still a minor.
Conclusion
In summary, the legal principle surrounding agreements made by minors is that such agreements are void ab initio, not voidable. Therefore, option 'A' is not applicable in this context. Understanding these distinctions is vital for anyone studying contract law, especially in the CA Foundation curriculum.
In the context of contract law, particularly concerning agreements involving minors, it's crucial to recognize the legal standing of such agreements. Among the options provided, the correct answer is option 'A'—"An agreement by or with a minor is voidable."
Why is Option A Incorrect?
- Voidable Agreements: An agreement by or with a minor is not voidable; it is considered void ab initio (from the beginning). This means that such agreements lack legal effect and cannot be enforced from the outset.
- Legal Status of Minors: Minors (individuals below the age of majority) are not legally competent to enter into contracts. Therefore, any agreement they enter into is automatically void.
Understanding Other Options
- Option B - Void ab initio: This statement is accurate. Agreements with minors are void from the start and cannot be enforced.
- Option C - Ratification: A minor cannot ratify an agreement upon reaching the age of majority. They may choose to enter into new contracts, but they cannot validate previous agreements made while they were a minor.
- Option D - Pleading Minority: A minor can always plead their minority status in court to void any contract they entered into while still a minor.
Conclusion
In summary, the legal principle surrounding agreements made by minors is that such agreements are void ab initio, not voidable. Therefore, option 'A' is not applicable in this context. Understanding these distinctions is vital for anyone studying contract law, especially in the CA Foundation curriculum.
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Which of the following is not applicable in relation to an agreement b...
Agreement with minor is void ab initio i.e void from the beginning but not voidable .
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Which of the following is not applicable in relation to an agreement by a minor?a)An agreement by or with a minor is voidableb)An agreement with a minor is void-ab-initioc)A minor cannot ratify an agreement on attaining majorityd)A minor can plead minorityCorrect answer is option 'A'. Can you explain this answer?
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Which of the following is not applicable in relation to an agreement by a minor?a)An agreement by or with a minor is voidableb)An agreement with a minor is void-ab-initioc)A minor cannot ratify an agreement on attaining majorityd)A minor can plead minorityCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following is not applicable in relation to an agreement by a minor?a)An agreement by or with a minor is voidableb)An agreement with a minor is void-ab-initioc)A minor cannot ratify an agreement on attaining majorityd)A minor can plead minorityCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is not applicable in relation to an agreement by a minor?a)An agreement by or with a minor is voidableb)An agreement with a minor is void-ab-initioc)A minor cannot ratify an agreement on attaining majorityd)A minor can plead minorityCorrect answer is option 'A'. Can you explain this answer?.
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