An agreement with or by a minor.

    Posted By : Sarah Bhandari / Published on : 24-Oct-2018 02:50 PM / View : 107 / Comment : 1
    Print button
    What is the remedy available to the motor car dealer if a minor fraudulently overstates his age and takes delivery of a motor car after executing a promissory note in favour of the dealer for its price. He doesn't knowingly honour his promissory note.
    Read more on : minor agreement

    • In my view, the onus to verify whether the other party to the contract is eligible or not to enter into a contract is on the person itself while entering into the contract.

      Hence, a person must check whether the other person (with whom he is entering into the contract) is eligible to become a party of the contract (he should not be a Bankrupt, of Unsound mind or a Minor).

      In the present case, if the Dealer is failed to verify the ineligibility of Minor then the Loss shall be born by him; but if the Minor willfully cheats the Dealer and the Dealer can prove the matter (working Bonafide) then Minor should be guilty and punished accordingly.

      24-01-2019 / 06:42:31 PM
      Reply



Other Queries from Sarah Bhandari
What's New on

Unanswered Queries
Like us on Facebook
Follow Us on Twitter

We are always here to help you. Don’t hesitate to contact us anytime!

011-42345111 or ask@compliancecalendar.in