Discussion
A minor is not competent to enter into a valid contract. A minor may be partner by limited liability. Minor as a party to the agreement the partnership deed is :
Answer: B
A partnership deed with a minor as a party is a void contract as to him.
Since Mohori Bibee v. Dharmodas Ghose (1903), a minor's agreement is void ab initio. Accordingly, Section 30 of the Indian Partnership Act, 1932 provides that a minor cannot be a partner, though he may be admitted to the benefits of partnership with the consent of all the partners, with his liability limited to his share.
The agreement is not voidable, since a void agreement cannot be ratified or avoided, and 'beneficial contract' is not a legal category. Admission to benefits is a status the Act allows, not a contract by the minor.
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development