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06/07/2021

Who appoints an agent?

Who appoints an agent?

Who can appoint an Agent? According to Section 183, any person who has attained the age of majority and has a sound mind can appoint an agent. In other words, any person capable of contracting can legally appoint an agent. Minors and persons of unsound mind cannot appoint an agent.

Can minor appoint an agent?

Minor Liability in a Contract of Agency. section 182 of the Indian Contract Act, states that “An agent is a person employed to do any act for another or to represent another in dealings with third persons. A minor can be appointed as an agent. But a minor will not be liable for his act as an agent.

Under what circumstances does a minor appoint an agent?

– can a minor be appointed an agent? Any major person and of sound mind may become an agent to be responsible to the principal. A person who is not of full age, i.e. a minor, may also be appointed as an agent, but personally such a person is not responsible to the principal like an adult agent.

Can a minor be an agent explain?

Can a minor be an agent or principal? A minor can never be a principal because Section 183 of the Indian Contract Act for anybody to become a principal he should be of the age of majority and be of sound mind and since a minor is not competent to contract, he also cannot employ an agent.

What is a minor agreement?

A minor’s agreement is when a minor enters into an agreement (which is void ab initio according to the law). On the other hand, section 11 of the Indian Contract Act says that a minor (below 18 years of age) is, therefore, not competent to enter into the contract.

What happens if a minor enters into a contract?

Minors (those under the age of 18, in most states) lack the capacity to make a contract. So a minor who signs a contract can either honor the deal or void the contract. In most states, if a minor turns 18 and hasn’t done anything to void the contract, then the contract can no longer be voided.

Who is a minor What are the consequences of a contract by a minor?

Anyone who is under the age of 18 is known as a minor. Every agreement with minors is void from the beginning. it is void and null hence there is no legal obligations arising from a minor’s agreement and contract per se hence nobody who has not attained the age of majority can enter into a contract.

Where is a minor personally liable?

Where a minor on attaining majority elects to become a partner, he does not becomes personally liable as other partners to the third parties for all the acts of the firm done since he was admitted to the benefits of partnership.

What is the contractual capacity of a minor?

Children under the age of seven have no contractual capacity; a natural or legal guardian will have to contract on their behalf. After children have turned seven, the general rule is that a contract will not be enforceable without their guardians’ consent. Exceptions to this rule are created by acts of parliament.

Who is a minor when can a minor enter into a valid contract what happens if a minor misrepresents his age?

10. Indian Contract Act 1872 No estoppel against a minor Where a minor by misrepresenting his age has induced the other party to enter into a contract with him, he cannot be made liable for the contract. There can be no estoppel against a minor.

When must a minor accept a contract?

In most states, voidable contracts with minors become legally enforceable, or “ratified,” once those minors reach the age of majority. Some states allow a period of six months or so after a minor becomes a legal adult to void such contracts.

At what age a person becomes competent to contract?

—Every person is competent to contract who is of the age of majority according to the law to which he is subject,1 and who is of sound mind and is not disqualified from contracting by any law to which he is subject.

What are the remedies for voidable contract?

A voidable contract may be invalidated through the remedy of annulment, which restores the parties to the positions they would have had if the contract had not been made. Such annulment is applicable even though the contract has not yet cause damage to the contracting parties.

Is the minor contract void or voidable?

Contracts made by minors are void since, by law, they lack the legal capacity or ability to enter into legally binding agreements or contracts by themselves.