Unit II · Law of Contract – I

Capacity of parties and minor's agreement

Study aid only. Confirm statute numbers with the current bare Act and the official OU LL.B. (3-YDC) 2024–25 syllabus PDF.

Statute sections

Act / instrument	Section	Name
Indian Contract Act, 1872	11	Who are competent to contract
Indian Contract Act, 1872	12	Unsound mind

(1903) 30 IA 114 · Privy Council

An agreement with a minor is void ab initio.

[1914] 3 KB 607 · King's Bench

A minor who obtains a loan by fraud is not liable in quasi-contract for the money.