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S, a minor by fraudulently representing himself to be a major, induced L to lend him Rs. 4 Lakhs. He refused to repay it and L sued him for the money. The contract is:
- a)Voidable at the option of the minor
- b)Voidable at the option of L
- c)Wholly valid, S is liable to repay the amount
- d)Totally void and S is not liable to repay the amount due
Correct answer is option 'D'. Can you explain this answer?
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Most Upvoted Answer
S, a minor by fraudulently representing himself to be a major, induced...
The Contract is Totally Void and S is Not Liable to Repay the Amount Due
Explanation:
1. Minors are Incapable of Contracting:
Under Indian Contract Act,1872, minors are incapable of contracting. A minor is a person who has not yet attained the age of majority, which is 18 years in India. Therefore, any contract entered into by a minor is void ab initio (from the beginning).
2. Fraudulent Representation of Age Does Not Make the Contract Valid:
If a minor fraudulently represents himself to be a major and enters into a contract, it does not make the contract valid. Such a contract is still void as the minor lacks the capacity to contract.
3. S is Not Liable to Repay the Amount Due:
Since the contract is void, S is not liable to repay the amount due to L. Therefore, L cannot recover the amount lent to S.
Conclusion:
In the given scenario, S fraudulently represented himself to be a major and induced L to lend him Rs. 4 Lakhs. However, since S is a minor, the contract is void ab initio, and S is not liable to repay the amount due. L cannot recover the amount lent to S.
Explanation:
1. Minors are Incapable of Contracting:
Under Indian Contract Act,1872, minors are incapable of contracting. A minor is a person who has not yet attained the age of majority, which is 18 years in India. Therefore, any contract entered into by a minor is void ab initio (from the beginning).
2. Fraudulent Representation of Age Does Not Make the Contract Valid:
If a minor fraudulently represents himself to be a major and enters into a contract, it does not make the contract valid. Such a contract is still void as the minor lacks the capacity to contract.
3. S is Not Liable to Repay the Amount Due:
Since the contract is void, S is not liable to repay the amount due to L. Therefore, L cannot recover the amount lent to S.
Conclusion:
In the given scenario, S fraudulently represented himself to be a major and induced L to lend him Rs. 4 Lakhs. However, since S is a minor, the contract is void ab initio, and S is not liable to repay the amount due. L cannot recover the amount lent to S.
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S, a minor by fraudulently representing himself to be a major, induced...
Because contracts with a minor are void ab initio
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S, a minor by fraudulently representing himself to be a major, induced L to lend him Rs. 4 Lakhs. He refused to repay it and L sued him for the money. The contract is:a)Voidable at the option of the minorb)Voidable at the option of Lc)Wholly valid, S is liable to repay the amountd)Totally void and S is not liable to repay the amount dueCorrect answer is option 'D'. Can you explain this answer?
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S, a minor by fraudulently representing himself to be a major, induced L to lend him Rs. 4 Lakhs. He refused to repay it and L sued him for the money. The contract is:a)Voidable at the option of the minorb)Voidable at the option of Lc)Wholly valid, S is liable to repay the amountd)Totally void and S is not liable to repay the amount dueCorrect answer is option 'D'. 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 S, a minor by fraudulently representing himself to be a major, induced L to lend him Rs. 4 Lakhs. He refused to repay it and L sued him for the money. The contract is:a)Voidable at the option of the minorb)Voidable at the option of Lc)Wholly valid, S is liable to repay the amountd)Totally void and S is not liable to repay the amount dueCorrect answer is option 'D'. 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 S, a minor by fraudulently representing himself to be a major, induced L to lend him Rs. 4 Lakhs. He refused to repay it and L sued him for the money. The contract is:a)Voidable at the option of the minorb)Voidable at the option of Lc)Wholly valid, S is liable to repay the amountd)Totally void and S is not liable to repay the amount dueCorrect answer is option 'D'. Can you explain this answer?.
S, a minor by fraudulently representing himself to be a major, induced L to lend him Rs. 4 Lakhs. He refused to repay it and L sued him for the money. The contract is:a)Voidable at the option of the minorb)Voidable at the option of Lc)Wholly valid, S is liable to repay the amountd)Totally void and S is not liable to repay the amount dueCorrect answer is option 'D'. 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 S, a minor by fraudulently representing himself to be a major, induced L to lend him Rs. 4 Lakhs. He refused to repay it and L sued him for the money. The contract is:a)Voidable at the option of the minorb)Voidable at the option of Lc)Wholly valid, S is liable to repay the amountd)Totally void and S is not liable to repay the amount dueCorrect answer is option 'D'. 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 S, a minor by fraudulently representing himself to be a major, induced L to lend him Rs. 4 Lakhs. He refused to repay it and L sued him for the money. The contract is:a)Voidable at the option of the minorb)Voidable at the option of Lc)Wholly valid, S is liable to repay the amountd)Totally void and S is not liable to repay the amount dueCorrect answer is option 'D'. Can you explain this answer?.
Solutions for S, a minor by fraudulently representing himself to be a major, induced L to lend him Rs. 4 Lakhs. He refused to repay it and L sued him for the money. The contract is:a)Voidable at the option of the minorb)Voidable at the option of Lc)Wholly valid, S is liable to repay the amountd)Totally void and S is not liable to repay the amount dueCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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